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


To: vegetarian who wrote (28102)12/17/1997 12:51:00 PM
From: Jim Lou  Read Replies (1) | Respond to of 61433
 
GS mentioned pressure from Asia when downgrading Ascend. Here is what I heard from China Central TV last night: the government will maintain the level of Yuan against the US dollar. Meanwhile, in 1998 the government will lower tax on imports, in order to balance import/export. Import in the technology sector will likely go up.

I am not sure what stake Ascend and Oracle have in China. Anyone knows?