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Technology Stocks : Ascend Communications (ASND)
ASND 202.23-4.2%Dec 2 3:59 PM EST

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To: Stephen Lee who wrote (58448)1/5/1999 7:26:00 PM
From: Tim Luke   of 61433
 
Computer Networking
For the second day in a row group posted strong gains without much news... Gains split between big names such as Ascend (ASND +1 5/8) and Cisco (CSCO +1 5/8) and second tier companies Xylan (XYLN +1 11/16) and Newbridge Networks (NN +3 5/8)... Latter stock profiled in 12/28 tech commentary as turnaround candidate for 1999... Next stop 39 3/16... Meanwhile, XYLN, profiled on this page yesterday, took out key resistance and is now ready for a near- to intermediate-term test of the 25-27 area.
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