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Technology Stocks : Ascend Communications (ASND)

ASND 202.47

-4.5%

Dec 17 3:59 PM EST

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To: Glenn D. Rudolph who wrote (39255)	3/15/1998 1:43:00 PM
From: Jan Crawley	Read Replies (2) of 61433

Glenn, Some information regarding to Brandywine's Cash position. 1. Foster Friess(Brandywine's legendary fund manager) all but left the market after the Asian problems last October...from a 50% weighting in tech stocks to nearly nothing and took the Fund's cash position up to as much as 90% (Brandywine's assets is in the $8B range.) 2. Currently, Brandywine is somewhere between 50% and 75% in cash.(per IBD) The fund is still working to be re-invested in stocks, but it's cash position has proved costly. (Brandywine's 97 year end performance was only $12%. It's up 2% for this year as of last week.) Nice weather here in Huntsville. Hope that you are enjoying yours too. Jan p.s. I appreciate and thanks for the encouraging comments made to me by some new members(posters) here.

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