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Technology Stocks : Ascend Communications (ASND)
ASND 212.55+1.2%Nov 28 12:59 PM EST
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To: Gary Korn who wrote (28481)12/21/1997 12:36:00 AM
From: Gary Korn  Read Replies (2) of 61433
 
Market Guide ASND update:

From 11/7 MG:

Ascend Communications TRADING & PRICE PERFORMANCE Page 4 of 10
INSTITUTIONAL OWNERSHIP INSIDER TRADING (Prev. 6 months)
% Shares Out. Owned 52.74 % Net Insider Trades 0
# of Institutions 602 # Buy Transactions 0
Total Shs Held 99.610 Mil # Sell Transactions 0
3 Mo. Net Purch. -12.195 Mil Net Shares Bought 0.000 Mil
3 Mo. Shs Purch. 42.073 Mil # Shares Bought 0.000 Mil
3 Mo. Shs Sold 54.268 Mil # Shares Sold 0.000 Mil


Current MG on ASND (but I don't know the "as of" time (so,
the timeliness of this data is uncertain):

Ascend Communications TRADING & PRICE PERFORMANCE Page 4 of 10
INSTITUTIONAL OWNERSHIP INSIDER TRADING (Prev. 6 months)
% Shares Out. Owned 46.79 % Net Insider Trades -6
# of Institutions 581 # Buy Transactions 0
Total Shs Held 88.688 Mil # Sell Transactions 6
3 Mo. Net Purch. -22.603 Mil Net Shares Bought -0.278 Mil
3 Mo. Shs Purch. 39.595 Mil # Shares Bought 0.000 Mil
3 Mo. Shs Sold 62.198 Mil # Shares Sold 0.278 Mil

We may be on the upswing now, but institutional
ownership did at some point slip from 52.7% to 46.7%.

Likewise, institutions held 11MM fewer shares (5.5%
of shares outstanding), as their holdings dropped
from 99.6MM to 88.6MM shares.

Number of institutions holding ASND slipped from 602 to 581.

If institutions reenter (and they may already have started),
that would obviously help power a rally.

I apologize for the time-related uncertainty of this data,
but it does show what institutions recently did to ASND
and I thought we would want to review it.

Gary Korn
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