Joe,
I compared the ASND chart to the COMS chart. Very similar
pattern and as you said, the sharp upswing with COMS was
very close to when you PMed me at 2:56pm.
Another thing I find very interesting is that, for those
nearby 15 minutes (from 2:45 to 3:00) the Naz dropped
VERY SHARPLY. I used the Big Charts to see both the
Naz chart and %drop in the Naz. It's as if the COMS and
ASND were waiting for the market to drop in order to buy
HEAVILY. In way, one could conclude that ASND/COMS didn't
go up on merger rumor, because similar past events seem
to be correlated with big spikes and CNBC noise or something
similar. THIS was an all day purposeful heavy accumulation.
Do you by any chance know the symbol to plot the Naz-100?
I still haven't checked in the ASND board to see if they
know why their stock was going up. By any chance, have
you checked there?
Here's another thing that may relate to ASND:
(I haven't looked at it carefully)
Time Warner Telecom, a local telephone company in Colorado
owned by Time Warner (TWX:NYSE), has agreed to spend up to
$250 million on Lucent (LU:NYSE) optical networking,
communications software and switching and access products
in the next three years, reports the Rocky Mountain News.
insidedenver.com
Time Warner Telecom banks on products
from Lucent
By Rebecca Cantwell
News Staff Writer
Time Warner Telecom, a Greenwood Village-based competitive
local telephone company, has agreed to spend up to $250 million on
Lucent Technologies products and services in the next three years.
Time Warner will buy Lucent optical networking, communications
software, switching and access products.
The new telecommunications company will use Lucent products to
provide voice, data and Internet services to business customers.
Lucent will also provide engineering, installation, technical support
and other services.
"This expands our relationship with them but it's not exclusive,"
said Time Warner Telecom's Bob Meldrum.
Time Warner is building its own facilities based on fiber optic
technology to serve business customers. Because the company used
to be partly owned by US West, it does not currently serve
customers in Denver or the rest of US West's 14-state territory.
The 19 markets in which it has launched so far include New York;
Austin, Texas; Orlando, Fla.; and San Diego, Meldrum said.
Lucent, which grew out of AT&T's research and equipment efforts,
has made a big push into the new telecommunications technology of
optical equipment that sends digital information over fiber strands
in waves of light.
Lucent's Ed Beltram said his company is providing "a whole range
of fiber optic products that are really at the core of (Time Warner's)
network."
Available to Time Warner through the agreement is Lucent's
next-generation Wave Star family of optical networking products.
They split light into many different waves on the same fiber.
November 12, 1998 |
