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Technology Stocks : Ascend Communications (ASND)

ASND 211.08

-0.6%

1:24 PM EST

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To: Russ 5150 who wrote (29898)	1/10/1998 9:58:00 AM
From: Gary Korn	Read Replies (1) of 61433

October 9, 1997, the day ASND reported 3Q earnings, also happened to be an all-time high for the NWX, which closed at 362. Below is my chart for stock performance of networkers since October 9, 1997 thru Friday, 1/9/98. For some reason the chart makes the sector look attractive to me (i.e., at some point the sell-off ends and the pendulum swings): Stock 10/09/97 01/09/98 %gain(loss) CSCO 54.58 54 1/4 ( .6) TLAB 58 52 (10.3) LU 88 7/16 74 5/8 (15.6) XIRC 12 1/8 9 3/4 (19.6) ASND 33 1/8 26 3/16 (20.9) NT 109 3/16 85 7/16 (21.8) SHVA 14 10 3/4 (23.2) FORE 20 15/16 15 3/8 (26.6) NWX 362 263.12 (27.3) XYLN 23 3/8 15 (35.8) BAY 41 25 5/8 (37.5) MRVC 38 21 13/16 (42.6) COMS 55 5/16 30 1/8 (45.5) PAIR 29 1/2 16 (45.7) MADGF 8 3/8 4 3/16 (50.0) NN 64 3/8 30 1/8 (53.2) CS 33 3/4 13 7/16 (60.2)

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