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

To: Maverick who wrote (629)	12/2/1997 8:20:00 PM
From: blankmind	Read Replies (7) \| Respond to of 1629

(read about asnd further in the article - from yahoo.) AFTER THE BELL - Cisco falls, 3Com halted NEW YORK, Dec 2 (Reuters) - Cisco Systems Inc (Nasdaq:CSCO - news) dropped a point in after-hours trade Tuesday after 3Com Corp (Nasdaq:COMS - news)sent a cold snap through the computer networking industry with the news that it would cut inventory levels. 3Com, which also said it would see a slight profit in the second quarter, was halted for trade. ''Cisco is trading low,'' a dealer said, specifying that the company's stock had fallen to 85-1/2, off an unofficial close of 86-1/2. Ascend Communications (Nasdaq:ASND - news), also involved in computer networking, was hit with a three-quarter point slide. Dealers said Ascend's stock price, which closed unofficially at 23-3/4, fell to 23. As the session progressed, Cisco descended further to 85, traders said. And Bay Networks Inc (NYSE:BAY - news), which closed at 27-3/4 on the New York Stock Exchange, was at 27-1/2 after the bell, dealers added. Bay Networks is the global leader in the internetworking market. When 3Com's trading halt was released at around 5 p.m. EDT (2200 GMT), its stock tumbled to 30-5/8, off a 35-5/16 close. Tech Data Corp (Nasdaq:TECD - news), on the other hand, gained ground after hours, posting third quarter earnings results of $0.51 per share. That figure was up from an analysts' consensus estimate of $0.48 per share, as reported by First Call, and pushed the company's stock to 41-3/4. Tech Data closed at 41. The New York Stock Exchange said session one volume was 823,400 shares against 625,200 shares Monday. Session two volume was 5.4 million shares against 6.3 million shares the previous day.