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Technology Stocks : Ascend Communications (ASND)
ASND 200.28-1.0%Dec 3 3:59 PM EST
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To: garrick le who wrote (48324)6/8/1998 7:38:00 PM
From: gbh  Read Replies (3) of 61433
 
The 30M shares estimate is likely pretty close. Here's why:

Standard & Poor's calculates and maintains the S&P 100, S&P 500, S&P MidCap 400, S&P SmallCap 600, and the S&P Super Composite 1500 stock price Indexes, which are widely considered key barometers of stock market activity and performance benchmarks for professional money managers. Approximately $653 billion is currently indexed to the S&P Equity Indexes, including $626 billion indexed to the S&P 500,

So, $626B/500 = $1.25B equals ASND's share of the total.

$1.25B/$47(current price) = 26.5M shares.

Of course the price will rise, as there aren't 26M shares available. Now add the shorts running for the exits, and tomorrow and Wed. should be kinda fun. :)

Gary
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