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

To: Noneyet who wrote (27324)	12/10/1997 9:43:00 AM
From: Tim Luke	Read Replies (3) \| Respond to of 61433

Geez I'm sorry you are so long-tom If you look at my post I had a ? next to LU. And I did say if they don't get bought out the stock will drop. Just because Mory feel good about meeting the # won't be enough to hold this stock up. <Anyone think im would make a good Wall St. analyst?> I guess you are since you must have bought the stock at a way above 30, or did you play the rumor and did not sell at 32 like "I" suggested to everyone the day it went up.

To: Noneyet who wrote (27324)	12/10/1997 6:09:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 61433

Dow Sinks As Corporate Losses Due to Asia Appear Certain PR Newswire - December 10, 1997 17:33 %FIN V%PRN P%PRN NEW YORK, Dec. 10 /PRNewswire/ -- Share prices fell, paced by losses in technology stocks and banks as certainty builds that earnings in these sectors will be hurt from market exposure in Asia, Market News Service reported Wednesday. The Dow Jones industrial average dropped 70.87 to 7978.79 while the Standard & Poor's 500 index went down 5.99 to 969.79. Volume on the New York Stock Exchange was 601 million shares, with 999 advancing, 1,959 declining, and 477 unchanged. Shares dropped as JP Morgan admitted that its earnings have been hurt by the Asian financial turmoil. Together with Oracle's bad earnings forecast earlier this week it persuaded investors that their worries were well founded over the Asian crisis's impact on U.S. corporate profits. Moreover, worries over Asia deepened Wednesday as a sharp drop in South Korea's currency further undermined the country's economy and caused declines of 4.1% in Hong Kong and 1.3% in Tokyo overnight. Investor jitters over Japan were further increased by the absence of certainty over financial reforms package and by circulating rumors that yet another Japanese investment bank is going out of business. Report by the blue-chip J.P. Morgan that it faces a decline in its fourth quarter earnings caused the company's shares to drop by 5 1/8, or 4%, to 117 3/4. It also pulled down shares of other banks, causing Citicorp with its vast emerging markets exposure to shed 6 1/2, or 4%, to 131 3/8 and bringing Bunkers Trust down by 1 11/16 to 127 1/2 and Lehman Brothers by 2 1/16 , or 3.8%, to 51 1/8. Microsoft lost 2 7/16 to 141 7/8 after the company said late on Tuesday that it feels an impact of slowdown of computer sales in Asia, reinforcing investor fears. Dow component IBM lost 3 7/8, or 4%, to 106 1/2. Traders said, adding to declining demand in Asian countries, U.S. semiconductor companies are going to face a threatening competition from cheapened Asian rivals - a concern which caused losses in companies like Texas Instruments down 7/8 to 44 3/8, Intel down 1 3/16 to 74 7/16, Motorola down 2 1/8 to 60, Micron down 1 11/16 to 23 15/16. Compaq Computer and Bay Networks were among most active stocks losing 3 1/4, or 5%, to 60 1/8 and 2 3/8 to 25 3/16 respectively on analyst downgrade. Cisco Systems, the biggest networking company, lost 2 1/16, or 2.36%, to 85 3/8. SOURCE Market News Service /NOTE TO EDITORS: Market commentary from Market News Service is transmitted on a daily basis by PR Newswire./ /CONTACT: Lara Burdess, or Mark Pender of Market News, email: mark(at)mktnews.com / CO: Market News Service ST: New York IN: FIN SU: