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

To: Gary Korn who wrote (23493)	11/14/1997 9:11:00 PM
From: Larry J.	Read Replies (1) \| Respond to of 61433

Gary, Very strange. Short-term I'm concerned following ASND's failure to mount any further gains today. There were lots of rumors flying early in the week (large orders, buyout?) which may have accounted for the gains against the general tech. sell-off on Tues. and Wed. Since nothing broke, interest in ASND died as evidenced by the light volume. This sucks, being propped up on rumors alone is a long tough climb. (I held NETC based on rumors of buyout, and it finally happened, but the money was dead for about one year). ASND is much better than that. Apparently the credibility damage runs deeper on the street than I anticipated and nothing short of major news or an aquisition will change peoples attitudes in this regard. On the other hand, we may very well be @ $20 right now if ASND had been hammered early in the week as well. We didn't lose any ground (what did we gain a 1/16 for the week?), but the current price seems very tenuous. Frustrated in San Jose, Larry