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Technology Stocks : Ascend Communications (ASND)
ASND 210.01+1.7%Nov 26 3:59 PM EST

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To: uu who wrote (21159)11/4/1997 8:18:00 PM
From: Maverick  Read Replies (1) of 61433
 
Form 144 definition
This form must be filed by "insiders" prior to their intended sale of restricted
stock (issued stock currently unregistered with the SEC). Filing this form results in
each seller receiving an automatic exemption from SEC registration requirements for
this one transaction. A Form 144 is NOT an EDGAR electronic filing; each 144 is filed
by the seller in paper during the day at the SEC. EDGAR Online cumulates and adds
all of the current day's 144 paper filings to our electronic database at the END of each
business day.

The value of the EDGAR Online end-of-day listing of 144's is that the first
notification of a 144 filing sometimes is the precursor of other 144 filings. 144 sales
frequently come in clusters caused by events such as the end of a "lock-up" period or
stock options being exercised and can be used to successfully project the onset of
increased "sell side" activity in the stock of the target company.

Other uses of 144's include targeting individuals who will be coming into money and
may wish to deploy such funds. Thus this timely information is the source of myriad
business intelligence uses.
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