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

To: Larry J. who wrote (27823)	12/13/1997 12:01:00 PM
From: yard_man	Respond to of 61433

The NAZ really doesn't give you any idea. There has been some significant readjustment if you look back for 3 months or so and take out the larger caps. If there aren't some values out there now -- with another month or so of the same trend we'll be in a full-fledged "tech bear."

To: Larry J. who wrote (27823)	12/13/1997 2:58:00 PM
From: Gary Korn	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). Larry, I was thinking precisely the same thing as I was putting together the stock performance chart. Every networker decimated. Unless we are heading into a depression or some such thing, it sure looks like an attractive time to buy some of these issues. (If one had any money left.) I'll post the network stock performance chart next. No more room here. Gary Korn

To: Larry J. who wrote (27823)	12/13/1997 3:12:00 PM
From: Gary Korn	Read Replies (2) \| Respond to of 61433

Stock performance of networkers and wannabees since ASND reported 3Q earnings on Oct. 9 thru Fri., Dec. 12: Stock 10/9 12/12 %gain(loss) p.e. CSCO 81 7/8 76 9/16 ( 6.5) 44 XIRC 12 1/8 11 1/16 ( 8.8) -- LU 88 7/16 75 (15.2) 89 TLAB 58 48 1/4 (16.8) 37 NT 109 3/16 90 7/16 (17.2) 32 ASND 33 1/8 27.14 (18.1) 25 (assuming 1.06 FY97) FORE 20 15/16 15 9/16 (25.7) 58 XYLN 23 3/8 16.34 (28.3) 33 SHVA 14 9 5/8 (31.3) -- PAIR 29 1/2 19 (35.6) 28 COMS 55 5/16 34 5/16 (38.0) 30 MADGF 8 3/8 5 (40.1) -- BAY 41 24 (41.5) -- MRVC 38 21 1/8 (44.4) 29 NN 65 3/8 34 7/16 (47.3) 39 CS 33 3/4 14 1/16 (58.3) 9