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


To: Glenn D. Rudolph who wrote (30234)1/13/1998 7:40:00 PM
From: Sector Investor  Read Replies (1) | Respond to of 61433
 
<<Com Squeezed By Asia
And Price Cuts(01/13/98; 3:46 p.m. EST)By Gabrielle Jonas, TechInvestor In a filing with the Securities and Exchange Commission Tuesday, 3Com said it will soon feel the squeeze from Asia's financial crisis and from cut-throat price competition in the 56-kilobit-per-second modem market.

3Com said Asian customers could default on money owed and competition
threatened to put a dent in its market share.>>

I commented before that conusmer oriented techs would likely be harder hit than enterprise/gov/infrastructure oriented companies, and this clearly demonstrates that.

The problem is the market can't seem to make the same (obvious?) distinction.