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

To: Chris Steele who wrote (24797)	11/26/1997 4:14:00 PM
From: Gary Korn	Respond to of 61433

Closing stock prices for network stocks, 11/26/97: ASND+ 24.44 +.19 24.37 b 24.44 a 19x10 25456 16:01 24.87 h 24.25 l COMS- 34.62 -.25 34.62 b 34.69 a 10x10 61535 16:01 35.50 h 34.19 l CSCO 85.06 +.75 85.00 b 85.06 a 10x33 29055 16:01 85.50 h 84.50 l CS+ 23.44 -.69 23.37 b 23.44 a 5x150 10821 16:00 24.50 h 23.31 l PAIR 23.56 +.81 23.50 b 23.56 a 20x15 19771 16:01 23.87 h 22.88 l NN+ 42.31 -1.06 42.25 b 42.37 a 1x1 8465 16:01 44.37 h 42.00 l NT- 88.87 -.50 88.81 b 89.00 a 55x30 3268 16:01 90.31 h 88.50 l NETG+ 18.87 +.38 18.75 b 18.94 a 12x30 5288 15:56 18.94 h 18.50 l TLAB+ 51.69 +1.69 51.69 b 51.75 a 60x10 18592 16:01 51.94 h 50.00 l SHVA+ 8.87 -.16 8.87 b 8.94 a 3x10 2297 15:59 9.25 h 8.75 l XIRC+ 10.75 +.13 10.62 b 10.69 a 10x10 1232 16:01 10.87 h 10.38 l XYLN+ 20.56 -.19 20.44 b 20.56 a 10x10 8181 16:01 20.94 h 20.19 l FORE 17.31 +.25 17.25 b 17.31 a 10x10 13194 16:01 17.75 h 17.00 l BAY+ 29.94 -.06 29.87 b 29.94 a200x400 18627 16:00 31.06 h 29.75 l MRVC- 27.12 +.81 27.12 b 27.50 a 10x31 1468 15:52 27.62 h 26.50 l LU- 81.06 +.88 81.00 b 81.12 a 60x100 10432 16:00 81.56 h 80.75 l

To: Chris Steele who wrote (24797)	11/26/1997 4:17:00 PM
From: Gary Korn	Respond to of 61433

Final block trades (20,000 or more), 11/26/97: ASND - Transaction Log 3:45:20 S 25000 24.3 3:39:20 S 25000 24:5 3:09:30 S 25000 24.3 3:09:21 S 25000 24:5 2:59:13 S 25000 24:5 2:56:08 S 25000 24:5 2:26:19 S 25000 24.3 1:54:36 S 25000 24.3 12:59:50 S 25000 24:7 12:13:23 S 25000 24:7 12:08:52 S 25000 24:7 12:01:14 S 25000 24:7 11:58:36 S 50000 24:7 11:58:20 S 24000 24.4 11:15:56 S 40000 24.4 9:51:28 S 25000 24.5 end of data

To: Chris Steele who wrote (24797)	11/26/1997 4:25:00 PM
From: Greg Jung	Read Replies (1) \| Respond to of 61433

Re: Insider sales: << Besides the insiders didn't pay $40/share for the ASND they are selling at $35. >> Also in order to redeem options one will generally need to sell a certain fraction of the shares to a) buy the remainder, b) pay income taxes. If you had options to buy at $10 the tax is due on the market difference when you buy (is this right?) and so there goes 25% for taxes, now you need the money to buy (even hi-tech millionaires can live from paycheck to paycheck) so another 1/3 of the sum gets sold. Somebody who's done this can clue us in better. Greg