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

To: Glenn D. Rudolph who wrote (24510)	11/24/1997 9:17:00 AM
From: Neil H	Respond to of 61433

All From Yahoo: Another sale for Ascend biz.yahoo.com Regards Neil

To: Glenn D. Rudolph who wrote (24510)	11/24/1997 10:48:00 AM
From: Pullin-GS	Respond to of 61433

OTOTOTO Pass the popcorn!<G> It's nice to be entertained vs being the entertainer for a change!<VBG> This thread is getting better and better each time I visit.<G> The cyber punches are getting harder as the days pass as well! PS:This post is not directed at you Glenn, or any single person on this thread...it is a thread post. <G>

To: Glenn D. Rudolph who wrote (24510)	11/24/1997 11:57:00 AM
From: David Lawrence	Read Replies (2) \| Respond to of 61433

>>We are already seeing more securities becoming optionable and more with LEAPS to hold for the 18 months. Glenn, I'll gladly stand corrected on this, but I do not believe that options qualify for long-term capital gains treatment, regardless of the holding period. The capital gains rules used to require ownership of a tangible capital asset, and an option is associated with a right, not a capital asset. Any tax accountants out there care to weight in?