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

To: blankmind who wrote (30070)	1/12/1998 4:03:00 PM
From: Gary Korn	Read Replies (2) \| Respond to of 61433

coms is at 28 1/2 and asnd is now at 26 1/4 less than a 2 1/2 point difference between the two stocks. will we see people moving from asnd to coms at this price level? Blankmind, I don't think so. Just in terms of earnings visibility for the next 2 quarters, ASND seems a less risky move. That is, 4Q is pretty much known, mgmt seemed quite confident about 1Q in Scottsdale and, previously, was confident about '98 as a whole. As for Asia, mgmt has said that non-Japan Asia is assumed to be zero revenue growth over the next year. In contrast, COMS earnings for the next few quarters are less visible, and I think there is some concern about lingering inventory problems. I also don't know what COMS is doing about its Asian exposure, or how that will effect its earnings. This is not to say that COMS might not be the better performer. It is just to say that, looking at fundamentals, there is no compelling reason to switch from ASND to COMS, regardless of the similar in price. Gary Korn

To: blankmind who wrote (30070)	1/12/1998 4:04:00 PM
From: craig crawford	Read Replies (3) \| Respond to of 61433

<< will we see people moving from asnd to coms at this price level? >> No, no, no. Time to buy A$ND and short COMS. I'm back in A$ND for the first time in a long while.

To: blankmind who wrote (30070)	1/12/1998 4:05:00 PM
From: Gary Korn	Respond to of 61433

Closing prices of network stocks on Monday, 1/12/98: ASND+ 26.94 +.75 26.87 b 26.94 a 10x33 56641 16:02 27.00 h 25.00 l PAIR 17.00 +1.00 16.94 b 17.00 a 10x10 30143 16:01 17.31 h 15.50 l COMS+ 29.37 -.75 29.31 b 29.37 a 10x10 85621 16:01 30.62 h 28.12 l CS+ 13.12 -.31 13.12 b 13.19 a200x40 16615 16:03 13.62 h 12.62 l CSCO+ 55.69 +1.44 55.69 b 55.75 a 10x25 130376 16:01 55.75 h 51.50 l NN+ 29.81 -.31 29.75 b 29.87 a296x50 18343 16:02 30.38 h 28.75 l NT+ 43.56 +.81 43.50 b 43.62 a146x30 10485 16:04 43.56 h 41.81 l NETA 47.00 -2.87 46.87 b 47.12 a 10x10 18362 16:01 49.25 h 46.75 l TLAB+ 50.75 -1.25 50.69 b 50.75 a 10x23 35731 16:01 52.00 h 49.00 l SHVA+ 10.50 -.25 10.50 b 10.56 a 10x7 8607 16:00 11.37 h 10.12 l XIRC+ 9.87 +.13 9.62 b 9.87 a 10x50 3290 16:00 9.87 h 9.25 l XYLN+ 15.12 +.13 15.00 b 15.12 a 10x10 6144 16:01 15.38 h 14.50 l FORE+ 15.38 +.00 15.19 b 15.38 a 10x10 18299 16:01 16.00 h 14.13 l BAY+ 25.44 -.19 25.38 b 25.44 a250x100 35181 16:00 26.12 h 24.13 l MRVC 21.12 -.69 21.25 b 21.37 a 10x20 3986 15:58 22.50 h 20.25 l LU+ 76.56 +1.94 76.50 b 76.63 a 65x65 27708 16:00 76.56 h 73.50 l MADGF+ 4.00 -.19 3.94 b 4.00 a 10x15 800 15:55 4.12 h 3.87 l NWX 265.57 +2.45 16:04 265.62 h 253.88 l