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Technology Stocks : ACT NETWORKS

ANET 123.42

+0.4%

3:59 PM EST

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To: O-MY-O who wrote (825)	6/27/1997 4:30:00 PM
From: Andrew Q. Viet	of 2326

Here is a recap of the conversation that I had with anet's investor relations rep today: 1) No insiders sold any shares during the last 3 months. 2) Up to early June revenues generated for the quarter met or exceeded the company's target. However, she wasn't allowed to give me up to date information because it is so close to the end of the quarter. 3) No fundamental changes within the company and there was no shift in the dynamics of their frame relay market. The market for their products is still robust. 4) An analyst at Wessels Arnold & Henderson ( Minnesota) came out with a buy recommendation this morning. His name is Tom Erickson. ANet IR rep did not know the reason for the price drop this morning. However, I think that recommedation might have triggered the early selloff. It was a buy, not a strong buy. Anyone who has seen the report please post a summary here for us to see. I don't really know what it says in the report. I took the opportunity this morning to add more anet to my portfolio. Good luck to all

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