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

To: Glenn D. Rudolph who wrote (29539)	1/6/1998 7:28:00 PM
From: getgo234	Read Replies (2) \| Respond to of 61433

ATML (flash memory chip maker) announced after the close that it will have a charge of appproximately $160 million including write off of inventory and receivables. This will likely result in the company reporting a loss for the year. I am afraid that the January effect rally is already over for the tech stocks. The only techs that will rally from here on out will be those companies reporting good 4th qtr results. Why buy any tech stock now when you may be buying another ATML just before the bad news is announced ?