Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.01

+1.7%

3:59 PM EST

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To: Glenn D. Rudolph who wrote (36724)	2/27/1998 11:10:00 PM
From: Jack Whitley	Read Replies (2) of 61433

<<Does it really matter - as long as that rumor is active NOW? Very good point<G>>> There are two sides to this that are very interesting. In his biography (unauthorized but unimpeded by Buffett) Mr. Buffett indicated that he didn't buy technology companies because he would never by businesses he didn't fully understand. You could make a case that networking is somewhat complex and getting a handle on a "sure thing" is tough, what with the constant technology shifts and competition. However, another point repeatedly made in the biography is Mr. Buffett's constant desire (based on boyhood dreams of owning a toll booth on a highway near his home) to own businesses whereby the owner would exact a small toll from each customer (as long as there were millions of customers and thus millions of small transactions). You could argue that Ascend products are going to be the toll booths of the digitial information highway that is being built out. Don't laugh, read his biography, I highly recommend it. jww

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