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Technology Stocks : Ascend Communications (ASND)
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To: dd who wrote (9790)8/26/1997 10:10:00 PM
From: WBendus   of 61433
 
What you all are missing is that there may be an order slow down in all networking stocks who are dealing with countries whose currencies have recently come under pressure. Recent pressures in ASND no longer have anything to do with the 8K, but rather the possibility that asian customers may put off orders until exchanges stabilize. There has been massive currency fluctuations among the asian currencies and this may likely slow orders for networking gear until the exchange rates stabilize. This, along with fears of rate raisings in Europe, are what are putting a damper on stock prices here in the US and other markets. Rising interest rates and unstable currency exchange rates spells economic concern world wide. The markets already have plenty to be concerned about and these two factors are only adding more resistance to an upside move.

Wayde.
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