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Technology Stocks : Ascend Communications (ASND)

ASND 220.42

+4.9%

Dec 12 9:30 AM EST

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To: pat mudge who wrote (34294)	2/10/1998 10:22:00 PM
From: Daniel W. Koehler	Read Replies (1) of 61433

Pat AMAT's earnings surprise should at least help buoy the overall tech sector rally for the rest of this week. Capital equipment is prone to more pronounced cyclicality than the rest of the tech sector and is usually considered a 6-9 mo leading indicator by forecasters. Let's see how many tech fund managers stay in cash after this. e.g., Brandywine has got something like $8 billion in cash!. A few more tech earning surprises like this and we could see panic buying like May-Jun '97. Money flow is the key and tech is the hot sector to which they will be rotating, IMHO. Ciao, Daniel.

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