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

To: Larry J. who wrote (23538)	11/14/1997 9:28:00 PM
From: Jeff Jordan	Respond to of 61433

11:57 ET 3Com Corp. (COMS) 31 13/16 +1 7/16: Bear Stearns repeats its "buy" rating on computer networking concern. ?????? Bay Networks (BAY) 27 1/16: Removing from caution advised list... Fell through our targeted support level of 25 before bouncing back a bit on bargain hunting... Additional downside risk limited. CSCO Holding up much better than rest of group but beginning to falter... Maybe valuations finally catching up with the stock now that selling in tech sector is less discriminate... But stock still above important support at 70... Target still 86-90. Brief: Bay Networks fell through our targeted support level of 25 before bouncing back a bit on bargain hunting... Additional downside risk limited... Removing from cautioned advised list... 3Com remained in full retreat as Smith Barney joined growing list of firms lowering estimates... Company cut COMS's FY98 estimate to $1.98 from $2.38... Also cut FY99 to $2.53... Cabletron apparently close to acquiring Digital Equipment's networking business for roughly $500 mln, according to WSJ report... Ascend Communications up again today... Stock has risen every day since being removed from our favorites list... To those of you who are new to our service, or to the few who haven't figured it out already, we are a contrary indicator on this stock. The above from briefing.com