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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF -- Ignore unavailable to you. Want to Upgrade?

To: Jeffery E. Forrest who wrote (8641)	11/5/1997 4:31:00 PM
From: Dwight E. Karlsen	Respond to of 22053

Jeff, I also figured that by the numbers we have a nice shooting star on the DOW. And like you say, right after a hanging man. Nice to see you bot some puts. Were they DJX, OEX, or SPX? I also noticed that a few bellweathers faltered today: CPQ, Dell, MSFT. Also INTC (again). Man that stock is looking beat up, but it's not going to interest me until it gets to lower 70's, preferable 70. On the support side, I've seen a couple people say 7400 and 7500 will be the bottom. Hard to say.

To: Jeffery E. Forrest who wrote (8641)	11/5/1997 6:48:00 PM
From: David Lawrence	Read Replies (2) \| Respond to of 22053

HERE COME DA TEEN$! ALAMEDA, Calif., Nov 5 (Reuters) - Ascend Communications Inc's (NASDAQ:ASND) treasurer said Wednesday sales will increase between five and 10 percent each quarter sequentially for the next two quarters. Sequential revenue growth will increase closer to 10 percent in the second half of 1998, said Bernie Schneider, Ascend treasurer and corporate vice president. "We see revenue increasing in the mid- to high single-digit range for the next couple of quarters," he said. Schneider also said Ascend likely will cut the list prices of its access concentrators -- a telecommunications device that accounts for about 50 percent of Ascend's sales -- by 20 to 30 percent in the next few quarters. But the company expects to offset the price cut with a decrease in costs, he said. Ascend earlier this week told investors that consolidation among Internet service providers, its chief customers, is causing "fluctuations" in demand for its devices, but overall demand remains strong. "We don't believe that the fluctuations will impede our ability to show sequential growth," Schneider said. Ascend has seen its sales growth slow in recent months amid steeper competition and slower demand abroad. In the third quarter, the company's revenue and profits were significantly below what Wall Street expected. At the American Electronics Association conference in San Diego earlier this week, Ascend executives told investors they remain bullish about Ascend's long-term outlook, but sales growth may be slower in coming quarters than the rate of growth the company has reported in recent quarters.