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Technology Stocks : Ascend Communications (ASND)

ASND 217.17

+0.3%

Nov 18 3:59 PM EST

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To: Jan Crawley who wrote (31056)	1/19/1998 9:46:00 PM
From: Glenn D. Rudolph	Read Replies (3) of 61433

2. Any one who "shorted against the box" in 1997 will have to cover the short BEFORE 1/31/98 in order to receive the capital-gain treatment for their original shares. --- Jan, I believe the IRS no longer permits a short against the box to affect capital gains. Glenn

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