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


To: username who wrote (34426)2/11/1998 2:07:00 PM
From: IncredibleHult  Read Replies (1) | Respond to of 61433
 
Pete, that's them.



To: username who wrote (34426)2/11/1998 2:45:00 PM
From: Gary Korn  Respond to of 61433
 
Pete,

You found the correct website. It is capgroup.com

Capital Group Companies is divided into 3 main parts:

1. Capital Group Companies, for admin. services.

2. Mutual Funds research and management.

3. Global institutional investment services.

The part applicable here is #3. Why? Because listed under #3 are Capital Int'l Limited, Capital Int'l SA and Capital Guardian Trust Company. These are the SAME entities as are listed in the 13G as holding the shares of ASND.

What does Global Institutional Investment Services (#3) do? It seems to exist as an investment fund. From the web page:

Through the Global Institutional Investment Services group, Capital serves a distinguished list of institutional clients worldwide, including corporations, government accounts, public retirement funds, and nonprofit organizations, with a broad range of geographic mandates. We also provide global pension services for large multinational corporations and their affiliates. Through the years, our record has been characterized by strong participation in rising markets and excellent resistance to declining markets. We have always pursued a value-oriented investment process. Overall, the Global Institutional Investment Services group manages more than US$100 billion* in institutional assets.

Capital Guardian Trust Company (CGTC), organized in 1968, manages more than US$70 billion* of U.S.-based assets for some of America's largest pension plans and other institutional clients. CGTC also provides fiduciary services for individuals and families of substantial means through its Personal Investment Management Division, which has over US$2 billion* in assets under management.

*As of 30 June 97

Capital Group International, Inc.
Capital Group International, Inc. is the holding company for four international management subsidiaries.

Our first subsidiary outside the United States, Capital International S.A., was formed in 1963. Today, Capital's global institutional activities are carried out by four companies on three continents.

Capital International S.A.
Switzerland Capital International Limited
United Kingdom Capital International K.K.
Japan Capital International, Inc.
United States

Together, these companies supervise more than US$30 billion* in assets. In addition to meeting the needs of our institutional clients outside the United States, they also manage portfolios for investors around the world.

Capital International Perspective S.A., a