Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Gary Korn who wrote (31818)	1/23/1998 8:53:00 AM
From: Gary Korn	Respond to of 61433

OT, but peripherally related: (COMTEX) HK to Turn Crisis Into Opportunity: Trade Official HK to Turn Crisis Into Opportunity: Trade Official HONG KONG (Jan. 23) XINHUA - Hong Kong is able to transform the current Asian economic crisis into a good opportunity for its economic development, a senior trade official of the Hong Kong Special Administrative Region (SAR) of China said here Friday. Addressing a seminar organized by the Hong Kong Chinese Enterprises Association, Stanley Ying, deputy director-general of the SAR Trade Department, pointed out that for many times in the past Hong Kong had transformed crises into opportunities. Ying attributed the transformation to the ability of Hong Kong's enterprises to adjust themselves to the changing situation and the free trade policy adopted by the government. Hong Kong's competitiveness may not necessarily be weakened by the devaluation of other Asian countries' currencies because nowadays competitiveness relies not only on prices but also on quality and service. Hong Kong's enterprises enjoy good reputation for the quality of their products and services they offer, Ying said in his address titled Opportunities and Challenges for Hong Kong's Trade Prospect. Those countries whose currencies have devaluated in the financial turmoil also have problems such as increased raw material prices and production cost, which have an adverse effect on their competitiveness, Ying noted. The economic instability caused by the currency devaluation in these countries made overseas buyers worry whether companies in these countries have the ability to fulfill their contracts, Ying said. Hong Kong will benefit from the globalization of world economy because it remains a separate customs territory and is a full member of the World Trade Organization after it returned to China on July 1, Ying said. The opening up of the world telecommunications, information technology and monetary markets will offer opportunities to Hong Kong's service sectors, which account for 85 percent to Hong Kong's gross domestic product. Hong Kong also enjoys its geographical advantage as a window of China's mainland, which has rich resources and is a big market, Ying said. No other Asian countries can match Hong Kong in this regard, he added. Enditem 23/01/98 13:46 GMT

To: Gary Korn who wrote (31818)	1/23/1998 9:04:00 AM
From: Gary Korn	Read Replies (1) \| Respond to of 61433

ASND closed in Germany at 50.5DM. At 1USD=.555494DM, that equates to a close of 28.05USD. As the DAX price has been under the US price since I've been watching, this suggests no real movement overnite in Germany. No trades yet this morning that I can find on TrackOnLine. Lvl2 has some interesting numbers, if they mean anything. INCA (instinet) has an ask of 31 1/2 (don't get your hopes up...it may mean nothing). Also Fidelity (NFSC) is now 29 3/16 on the ask and Dean Witter at 29 1/2 on the ask and UBSS is over 30 on the ask: tol 1/23/98 9:04 AM TD12:264 Nasdaq Level II nl: prev: ASND ASND 28.4 28.4 25x20 3x2 28:7 -- 0 0 0 ==== 28:7 28:9 40x41 4x5 0:00 0 . 28.3 28.5 66x10 8x1 Dynamic MM Bid Ask Size Time MM Bid Ask Size Time DEAN 28.4 29.4 10x10 9:13:36 FBCO 28:5 28.4 10x10 0:00:00C GSCO 28.4 28:F 10x10 9:13:40 PWJC 28 28.4 10x10 0:00:00C INCA 28.4 31.4 5x1 9:13:19 JEFF 28:1 28:9 7x10 0:00:00C MLCO 28:7 28:9 10x10 0:00:00C MLCO 28:7 28:9 10x10 0:00:00C SBSH 28:7 28:9 10x10 8:15:49 WSLS 28:1 28:9 10x10 0:00:00C EVRN 28:7 29:1 10x10 8:18:10 SBSH 28:7 28:9 10x10 8:15:49 NFSC 28:7 29:3 10x10 9:10:05 MASH 28.3 28:9 1x1 8:15:49 NITE 28.3 28.5 10x10 0:00:00C NITE 28.3 28.5 10x10 0:00:00C HMQT 28.3 29.3 10x10 8:55:13 NEED 27:F 28:E 10x10 0:00:00C HRZG 28.3 29.1 10x10 9:02:50 COWN 28 28.6 10x10 0:00:00C UBSS 28.3 30.3 10x10 9:12:49 PRUS 28 28.6 10x10 0:00:00C TSCO 28.3 29.1 10x10 9:12:59 CANT 28.1 28.6 10x10 0:00:00C DLJP 28.3 29.1 10x10 9:13:25 KCMO 28.2 28.6 10x10 0:00:00C HRCO 28.3 29 5x5 9:09:12 BTAB 28 28.6 10x10 0:00:00C MASH 28.3 28:9 1x1 8:15:49 MSCO 28.2 28.6 10x10 0:00:00C

To: Gary Korn who wrote (31818)	1/23/1998 7:09:00 PM
From: ION$	Read Replies (2) \| Respond to of 61433

Gary, <<You hit the nail on the head. Anything that will cause an increase in backbone demand (DSL, a killer application like video on demand, etc.) will be of benefit to all core switching providers (like ASND).>> Thanks for the response. Its comforting to realize that virtually every tech development has potential positive implications for ASND et al. The flip side is ASND et al must keep up with the technological requirements or be left behind. Truly, nothing occurs in a vacumn any longer vis a vis the net environment. Regards ION$