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

To: Narotham Reddy who wrote (27822)	12/13/1997 11:52:00 AM
From: Larry J.	Read Replies (3) \| Respond to of 61433

After reviewing the San Jose Mercury New "Spotlight: Silicon Valley Stocks" this A.M., it is staggering to see the decimation that occured in technology issues this week. A few examples, ALTR - 8 7/16, AMAT - 8 7/8, BAY -5, CSCO - 12 13/16, EFII - 29 5/8, INTC - 7 1/16, KLAC - 6 1/8, ORCL - 8 7/16, QNTM - 6 15/16, and the list goes on. "More than $1 of every $10 invested in Silicon Valley's 150 largest companies vanished this week - a cumulative $48 billion in lost market value. Those companies have lost more than one-fourth of their market value since Oct. 10." In relative terms, ASND held up quite well, down - 1 51/64 (6.2%). FWIW, those (with any buying power remaining) willing to step into the carnage and selectively pick up the premier tech. companies at these levels will be handsomely rewarded down the road. Probably some of the Tech. Value Funds are a good way to play also. My favorites include: Tech Value Fund (TCVFX) PBHG Technology and Communications (PBTCX), and Robertson Stephens Information Age (RSIFX). Good luck everyone. I still think that we will see a nice bounce next week will. Larry

To: Narotham Reddy who wrote (27822)	12/13/1997 2:55:00 PM
From: Gary Korn	Read Replies (1) \| Respond to of 61433

I have been closing watching the strengths of ASND in the Investor's Business Daily, and in the last couple of weeks(Last week it was "C") its rating as far as accumulation is concerned is shot up to a near perfect B from a pathetic level of E a few weeks ago. Would the above be consistent with the block activity I've been reporting (not the blocks per se, but the fact that they are going off at the ASK most of the time of late)? If so, I'll keep reporting blocks. If not, I'd like to know. Gary Korn