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Technology Stocks : ASND - longterm investors with short term worries -- Ignore unavailable to you. Want to Upgrade?

To: minhaj hasan who wrote (5)	10/28/1997 6:49:00 PM
From: Fred Ayres	Read Replies (1) \| Respond to of 67

Asia needs further comment. First the US deficit is the lowest on 20 years. You can not compare US fiscal policy with that in Asia. The US is a sound ship. Asia is not. Your economic agrument makes some sense, however I disagree with your reasoning. A stock market loss in Asia will not affect ASND sales. Individuals are not buying ASND equipment--corporations and state enterprises are. Their capital expenditures for technology infrastructure will not change. They will increase over time. The declines in Asia are a minor blip in the big picture. Technology is the future. ASND's markets will increase. ASND is a dynamic company. ASND will meet the challenges it faces. Fred

To: minhaj hasan who wrote (5)	10/28/1997 7:35:00 PM
From: Alec Epting	Respond to of 67

Your assessment of the situation is exactly as I had understood it. The reason currency devaluation will have an effect is the cost of ASND's products will be more expensive since they are denominated in dollars. In addition, if the stock markets are crashing, companies will not be able to float secondaries to fund their capital investments instead of borrowing money from banks at exorbitant interest rates. Stock market turmoil also shakes confidence in the underlying economy which will cause consumers to reduce spending. Hence, there will not be as great a demand for remote access. BTW, I am long on the stock at 44 1/2. Also bought Jan 99 call LEAPs when the stock was at 46 (ouch). Will be looking to buy more LEAPs when the stock drops to low to mid 20's.

To: minhaj hasan who wrote (5)	11/2/1997 12:46:00 PM
From: Chuzzlewit	Respond to of 67

Minhaj, you are incorrect when you said "Take us for example, we have the highest deficit." I assume you are talking about the federal deficit. Our defecit is negligable. I think you are refering to the national debt, but even here, with interest rates trending lower and a negligable deficit (as a percent of GNP) there is no major problem. This is a major about-face from where the US was following the Gulf War. I do agree with you that the cause of much of the problems in Asia are due to currency speculation and what had been wildly over-heated stock markets, and in the case of Hong Kong totally unrealistic real estate markets. But given the high interest rates in the region I think it's reasonable to forsee an economic slowdown in Asia until the currency assault is over. Regards, Paul