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Technology Stocks : Ascend Communications (ASND)
ASND 216.57+5.9%3:59 PM EST
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To: Glenn D. Rudolph who wrote (29058)12/31/1997 9:26:00 PM
From: MMW  Read Replies (1) of 61433
 
Hi Glenn,

I have position in CSCO and ASND. I sold 1/3 ASND at 25, which would
allow me to offset captal gain I made in CSCO this year. So, I don't
have to pay as much taxes.

I think ASND's fundemental is improving and hope its stock value will
have at least 30-40% appreciation next year.
That is the reason I still keep 2/3 position in it. I think ASND
market position is great. Only thing I wonder about is the excution.
Hope they do not repeat the mistakes made in this year.

Happy new year to all.

Cheers,

Mike
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