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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: sepku who wrote (18804)	10/23/1997 1:32:00 AM
From: pass pass	Respond to of 61433

This is what Michael Murphy, a "guru" of high-tech stocks (it seems ASND is a safe buy here whether you believe him or not): Murphy doesn't believe the rumored Lucent Technologies (NYSE:LU) acquisition of Ascend Communications (NASDAQ:ASND) will materialize. ''Lucent can get most of what it wants by partnering with Ascend,'' he said. ''Also, why would Ascend want to sell out at this price when in six months, with it getting its acquisition of Cascade under its belt and improving business, its stock could be worth 50 percent more?''

To: sepku who wrote (18804)	10/23/1997 2:00:00 AM
From: Andie Wei-Ku Lin	Respond to of 61433

Tomorrow may be a very quick day...Hong Kong was down 9.35%, and Japan, Malaysia, Singapore were down significantly. The drop in HK was worse than the 1987 stock market crash, and even larger than the Tianemen (sp?) Square period. S&P Future were knocked down more than 9 points from the close yesterday at one point. Rising interest rates in SE Asia, while still lower than US debt, may attract overseas interest...and pressure US debt offerings. However, I feel that many officials, especially in the US will comment on how SE Asia's problems (esp. Malaysia, Thailand) are isolated and will not/do not affect the US markets. Let's look to see how Europe opens.