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Technology Stocks : Fastcomm FSCX (6 1/8), base now complete. Big Upside. -- Ignore unavailable to you. Want to Upgrade?

To: Alan Aronoff who wrote (390)	12/9/1997 1:29:00 PM
From: Rick Smith	Read Replies (1) \| Respond to of 802

Seems like we're going to be all over the place until Monday when earnings come out. I wouldn't expect Madsen to say much until a couple of days after Monday regarding whatever they are all suppose to be so excited about. I wonder if he will be able to buy more shares or not. If so, he probably won't say anything until he's got his own shares purchased. They've given the indication that while the second quarter is bad as we expected, that the third quarter is going great. This is what they told us to expect 9 months ago. But we need to see something substantial here to get the sponsorship needed to move forward again with any real significance. Very frustrating, watching a technology leader trying to get their sales team on track. Good Luck. Rick..

To: Alan Aronoff who wrote (390)	12/9/1997 2:46:00 PM
From: Johnathan C. Doe	Read Replies (1) \| Respond to of 802

I sure wouldn't want to own ANCR these days either. The little stocks are getting the $#%$ knocked out of them. The mid-caps techs look like hell also. I think we are headed for a serious tech stock meltdown once again. ORCL should be viewed as just the start of the melting down across the board. As the big multi-national stocks get killed, the smaller stocks will get massacred even more than they already are. ORCL proves that Asia is going to hurt earnings and more and more tech earnings warnings and disappointments are coming. A strong dollar should help small caps, but as we learned last year, they get killed repeatedly before they have there day. I don't see any January effect coming this year. The results of Asia will be surfacing more and more throughout that month and beyond. The next 4 months don't look good to be in the techs at all. I expect ORCL to bounce and then go much lower; just like WDC. WDC is continuing down with a P/E that is deceptive. The real P/E is much higher than indicated since the future is a negative, not a positive and WDC will be losing ground going forward. The big networkers should get hit here soon I would figure as they aren't going to make earnings expectations either.