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

To: Finder who wrote (35667)	2/21/1998 9:32:00 AM
From: Gary Korn	Read Replies (1) \| Respond to of 61433

Finder, I've not seen the article in Barrons yet, but will look and post. Interestingly, the article would have been on the street by Friday afternoon before market close. What are the chances ASND was included so as to help drive the price down to near 35 for options expiration? Not possible? Just an interesting conspiracy theory. Gary Korn

To: Finder who wrote (35667)	2/21/1998 10:19:00 AM
From: blankmind	Read Replies (5) \| Respond to of 61433

from baron's Q: What else are you short? McCain: We have been short Ascend Communications since last March, so it's been a good short for us. But it's starting to rally pretty fiercely -- even though it still ranks pretty high on the short side. Sanders: It sure does. It's one of our top-ranking shorts -- meaning most expensive, trading at 7.2 times book value. McCain: Not to mention it's 5.5 times revenues, 43 times cash flow. Sanders: There are lots of people in the communication business and there are lots of products. When one company is making a lot of money, that just gives someone else an incentive to come up with even better products. Ascend is not necessarily in a sustainable position. McCain: One of the marvels of capitalism is that high growth rates attract a lot of bright, serious competitors. And the market does mark these stocks down-eventually.

To: Finder who wrote (35667)	2/21/1998 10:44:00 AM
From: Sector Investor	Respond to of 61433

<<Negative article in today's Barrons, where two hedge fund managers call Ascend one of their highest rated shorts.>> Barron's never writes straight-up news - it's always slanted. I don't read them anymore without a huge grain of salt.

To: Finder who wrote (35667)	2/21/1998 11:24:00 AM
From: username	Respond to of 61433

My only question about this is where will they cover. I'm thinking at about 39 or 40, but if they are really bearish, they may wait till it's at 42 or 43, in which case they could drive the stock to 45 or 46 if they cover fast. It's a win-win for me.