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

To: jhild who wrote (18976)	10/24/1997 11:29:00 PM
From: sepku	Read Replies (1) \| Respond to of 61433

Interesting Fortune article. Check it out. (Hey JJC, you're mentioned in it) pathfinder.com@@GUNwiAUAtihyJkPJ/fortune/digitalwatch/1110dig.html

To: jhild who wrote (18976)	10/24/1997 11:40:00 PM
From: Bag of Pucks	Read Replies (1) \| Respond to of 61433

Much of the volatility and concerns of the past couple of days have centred on this Hong Kong crisis. I think people should first look at the fact that the HK dollar is still pegged to the USD and that there is strong political resolve to maintain it. Most of the selling in HK stocks are seen as global institutional selling. Hong Kong is the last remaining Asian currency that remains pegged to the US so the bears are attacking HKD. This indicates to me that the Asian currency crisis is nearing an end. Since most of the Asian currency crisis started in August, this latest round on the HKD is 'nothing new'. As long as the HKD holds, we will only see a depreciation of HKD assets (consequence of defending the HKD) which will affect US investors minimally. The positive side is Greenspan may delay interest rate hike and that the institutions selling HK assets will move funds to US or 'flight to quality'. All this will pass in time. Technology infrastructure is lacking SE Asia and regardless of currency, they still have to buy. They have no cheaper alternative. Keep the faith,

To: jhild who wrote (18976)	10/25/1997 10:53:00 AM
From: Sector Investor	Respond to of 61433

<<I think that an important piece of missing information here is whether these deals are dollar denominated.>> I read somewhere that ASND trys for dollar denominated deals. It probably is, but you never know. <<So either NTT is really important to ASND, in which case these are important issues, or this piece of business isn't all that big a deal in which case, the hedging will be insignificant, but then the value of the business itself will be as well.>> I think the NTT deal IS significant. NTT was a new customer for CSCC products. Those 150 B-STD 9000 switches base at around $150K, I believe, but that is with 1 network interface module. Fully configured, those switches have 14 network interface modules and the price is around $500K or more. Also an unlisted number of older technology CBX-500 ATM switches (OC-12). There has to be other products and services involved. They probably want ASNDs GX-550 ATM switches (OC-48 capable) which was unnanounced at the time of the contract. NTT is not about to build out a major portion of their network using ASND products and then switch to another vendor's products midstream as long as the products perform well and ASND keeps NTT happy with service and support. This could be another UUNET type relationship in the making.