ASCEND made top 10 list of best performers in S&P 500 ahead of CSCO with 160% gain.
Ascend +168.4% The No. 4 network-equipment has benefited
Communications Inc. from the growing use of the Internet. Demand
(ASND, 65 3/4) for the company's products, which help carry
voice, data, and video on single networks,
has soared as phone companies and businesses
try to handle the increasing data traffic
clogging their networks. The jump in
Ascend's stock price prompted ( THIS IDIOT REALLY KNOWS WHY MORY SOLD HIS SHARES, WOW, STUPID JOURNALISM FROM BLOOMBERG)Chief Executive Mory Ejabat last month to sell
100,000 shares, his entire(WRONG) stake in the
company, for a profit of about $4.35
million.--- TAKES HOME ONLY 2 million after taxes, paying maximum income taxes!!Reducing federal budget deficit in the process. ( I checked last 12 months Mory never exercised shares to own, he always sold all his exercised shares) He still has more than 1 million shares in options)
Last year it was the worst- performer in the index.
FROM LAST TO FIRST> THEY WILL BE THE BEST PERFORMER IN 1999, SHOULD BE 1 OR 2.
MY OTHER PICKS FOR 1999 ARE AS FOLLOWS.
DSL TO TAKE OFF, DEMAND FOR BROADBAND AND BANDWIDTH EXPLODES. BENEFICIARIES ARE
1. ASND
2. QWST
3. WCOM
4. LU
5. VTSS
6. WMB, williams
7. CSCO
MEDICAL FIELD NEW DRUGS will lead to growth, following co.
8. MTC Monsanto medical- CELEBRA will be a hit.
9. AGPH Agouron
10.INCY Incyte
Good luck/
HAPPY NEW YEAR.
BR
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