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

To: Jeff Mills who wrote (21133)	11/4/1997 6:13:00 PM
From: Maverick	Respond to of 61433

Cisco Systems Inc (CSCO) 83 1/4 -1 1/2: networking products maker reports fiscal 1st qtr net of $0.59 a share, a penny above analysts' views and vs yr-ago net of $0.47; revenues rose 30% to $1.87 bln; company's board sets a 3-for-2 stk split; sees no major fundamental changes to business, but operating expenses could increase slightly more than sales in its upcoming quarter; 1Q gross margin were stable at 65.1% but expects margin to come under pressure over time From Briefing.com

To: Jeff Mills who wrote (21133)	11/4/1997 7:25:00 PM
From: Maverick	Read Replies (1) \| Respond to of 61433

GTE wins $0.5 B New contract for AOL 'net access provider GTE Internet announced that it has been awarded a $500 million, five-year contract extension with America Online to continue to expand and operate its portion of AOLnet, the company's high-speed, dial-up network. The overall value of the contract is approximately $1.2 billion. When the original contract was signed with BBN Corp. in March 1995, it was worth $55 million. From Infobeat's Internet Daily. This will fuel demand for RAS and ATM/IP/FR switches. GTE is an existing customer of ASND and CSCO. It will be interesting to follow-up on this news to see who will provide the NW gear. Usually, both incumbent will get a share of this pie for it's in the large ISP's interest to keep both cos. engaged so that they keep coming out with better architecture, NW gear and SW. Competition is good for business.