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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: mickeyg who wrote (50585)	7/15/1999 6:53:00 AM
From: puborectalis	Respond to of 120523

NASC.....Network Access Solutions, which offers digital subscriber line technology to Bell Atlantic customers and other people in the Northeast U.S., opened at 11 7/8, below the lower-than-expected $12 offering price. By the close of trading, however, the stock managed to climb back to 12 1/16. Donaldson Lufkin & Jenrette was the lead manager for the 7.6 million share offering. Network Access said in its prospectus that it has an advantage over competitors, such as newly public Covad Communications (COVD: news, msgs) and Rhythms NetConnections (RTHM: news, msgs), because of its "closer day-to-day working relationship with Bell Atlantic." However, the company warned that the Baby Bells also "will in the future increasingly represent strong competition in all of our target markets."