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

To: Sowbug who wrote (36288)	2/24/1998 3:39:00 PM
From: Greg h2o	Read Replies (1) \| Respond to of 61433

*OT* We've BOTH spent WAY too much time on this. TRUE. Too much time was spent by both of us on this. TRUE. DRIFTING>>>> My point was that investing is not gambling. However, I don't consider day trading as investing.... I do consider it gambling. Hope everyone is as confused as I am.

To: Sowbug who wrote (36288)	2/24/1998 9:13:00 PM
From: Gary Korn	Respond to of 61433

2/24/98 Dow Jones Int'l News Serv. 05:04:00 Dow Jones International News Copyright (c) 1998, Dow Jones & Company, Inc. Tuesday, February 24, 1998 Singapore/Datacraft/China -2: Contract Significant To Co SINGAPORE (Dow Jones)--Network equipment supplier Datacraft Asia Ltd. (P.DAS) said Tuesday it has won a U.S.$1.4 million contract from China's Gansu Post and Telecommunications Administration. [Korn: Every little bit counts] The company said its wholly owned subsidiary Datacraft China won the contract to build a system called a broadband frame relay network for the state unit. 'The contract is significant to Datacraft China as this is the first frame relay network to be set up in north west China,' said the Singapore company. The Singapore company has had a string of success in setting other types of networks in China. The company will use third-party equipment from its U.S. principals like Ascend to build the network. -Joseph Rajendran; 65 421 4800. (END) Dow Jones Newswires 24-02-98

To: Sowbug who wrote (36288)	2/24/1998 9:16:00 PM
From: Gary Korn	Respond to of 61433

2/24/98 Bus. Wire 08:22:00 Business Wire Copyright (c) 1998, Business Wire Tuesday, February 24, 1998 Infonet Is First to Provide "Virtual Enterprise Service," an On-Demand VPN Solution for Dial-Up Users EL SEGUNDO, Calif.--(BUSINESS WIRE)--Feb. 24, 1998-- Dial-Up Users Gain Full, Two-Way Access to Virtual Private Networks (VPNs) at a Fraction of the Cost of Dedicated Lines; Infonet First Vendor to Offer This Capability With its newly announced Virtual Enterprise capabilities, Infonet Services Corp. becomes the only network vendor to provide dial-up users complete participation in fully meshed wide-area networks. Users can provision their virtual private networks (VPNs) with low-cost ISDN circuits, and each node will have two-way access to the network. Users anywhere on the network can instantly awaken remote dial-in users without incurring long-distance charges, and dial-in users can participate in multiple simultaneous sessions, just like dedicated-line VPN users. The new service is available immediately in 46 countries globally. Infonet implements Virtual Enterprise by using a unique feature of Ascend's network-access switches, which Infonet has installed at its network points of presence around the world. Any customer site connected to the Infonet network backbone with an ISDN circuit, whether a remote user or a remote LAN, can use Virtual Enterprise. When a site is configured for Virtual Enterprise, the Ascend switch installed on the backbone can awaken the site in response to a request from another user anywhere on the network. The request can come from a dedicated line, another ISDN line or even a mobile user on a standard telephone line. Once awakened, the Virtual Enterprise site can offer to all the features and services available to users from dedicated sites. Multiple virtual circuits are supported, so multiple Virtual Enterprise sites can be accessed at the same time. "Infonet has a real vision for the future of VPN services," said Bob Machlin, vice president of marketing at Ascend Communications, "and the Virtual Enterprise is truly an innovative service. We are proud to be partnering with Infonet on this milestone service for corporate customers." Virtual Enterprise offers several specific advantages, available from no other vendor: -- Dial-up users have full access to the network, including the ability to handle simultaneous virtual connections to multiple destinations; -- A VPN can include a mix of dial and dedicated connections, depending on the traffic requirements of each site; -- Users need to be connected to the network only when they actually have network traffic, dramatically lowering connection costs; -- Access security is enhanced though the use of DialXpress+ SecurID, offering clients the option of token-based password authentication from industry-leading Secure Dynamics; -- ISDN call-setup times are typically very fast, making remote sites accessible from the network almost instantaneously; -- Virtual Enterprise offers an excellent migration path for organizations that plan future growth. When network requirements outgrow dial-up lines, individual nodes can easily be converted to dedicated lines; -- Monthly call detail reporting allows IT organizations to track activity on Virtual Enterprise. Virtual Enterprise is another example of creative engineering from Infonet, and solves a common business problem: How does an organization deploy VPNs economically? "Virtual Enterprise constitutes an entirely new remote-access paradigm for corporations," said Marc Patterson, product manager for Infonet's Remote Access Services, "and represents the first phase of our on-demand VPN strategy. "By deploying best-in-class solutions from such vendors as Ascend and Security Dynamics, we're giving clients an entirely new way to provision cost- effective communications to remote users. Virtual Enterprise is easy to install, fast and easy to use and, best of all, available immediately." About Infonet Services Infonet Services is a world leader in providing global networking services to multinational enterprises for connectivity, Internet, intranet and electronic- commerce solutions. Infonet supports a full suite of messaging and collaborative back-office applications on its network, and also markets enterprise messaging products. Infonet's global services are supported locally in 57 countries. Infonet's World Network is currently accessible from more than 180 countries and provides A Bridge to the Global Electronic Workplace. The company is jointly owned by a number of the world's leading telecom operators. Infonet is an ISO 9000- registered firm. For more information, call Infonet in the United States at 310/335-4700 or visit Infonet at infonet.com. CONTACT: Infonet Services Corp. Bill Principe, 310/335-2820 (in U.S.) Brian Catt, 44 1932 772731 (in Europe) 08:07 EST FEBRUARY 24, 1998

To: Sowbug who wrote (36288)	2/24/1998 9:19:00 PM
From: Gary Korn	Read Replies (1) \| Respond to of 61433

Down day, but positive net tick volume (throughout most of the day): 2/24/98 Prof. Inv. Rep. 16:53:00 <<Temporary document - available on WESTLAW for a limited time.>> Professional Investor Report Copyright (c) 1998, Dow Jones & Company, Inc. Tuesday, February 24, 1998 NMS Share Volume Most Actives At 4:50 P.M. Stock Net Chg Last Volume Net Tick Vol ---------- --------- --------- ----------- ------------ MSFT + 1/2 82 1/8 29,574,700 - 1,622,600 INTC - 1 13/16 92 3/8 18,944,300 + 174,700 DELL - 2 1/2 128 7/16 11,812,700 - 876,400 CSCO - 7/8 64 3/4 9,681,600 - 451,900 WCOM - 1 1/8 37 15/16 8,878,600 - 1,204,100 ORCL - 3/16 26 3/16 8,484,300 + 428,700 AMAT - 1 5/16 36 8,254,500 - 519,200 PETC - 3 1/2 14 6,921,700 - 1,542,600 SUNW - 1 3/4 44 9/16 6,083,000 + 495,600 CIEN - 2 1/4 37 7/8 6,032,100 + 241,300 NOVL + 5/32 8 23/32 5,826,100 + 11,300 ASND - 1 1/16 35 11/16 4,721,400 + 318,100 OXHP - 1 1/2 18 7/16 4,648,800 - 30,700 ADPT + 5/8 23 1/2 4,473,600 + 15,200 COMS - 1 32 5/8 4,365,700 - 10,300 SDTI + 4 3/16 33 13/16 4,262,200 - 137,400 AAPL + 1/16 21 5/16 4,076,700 + 97,100 QNTM - 1 24 5/8 3,959,200 + 405,800 WNDR + 7 5/8 23 5/8 3,738,600 + 610,000 SMTG + 2 1/16 8 11/16 3,608,300 + 358,300 (END) Dow Jones Newswires 02-24-98

To: Sowbug who wrote (36288)	2/24/1998 9:22:00 PM
From: Gary Korn	Respond to of 61433

2/24/98 USA TODAY 12:22:00 USA TODAY Copyright (c) 1998 Tuesday, February 24, 1998 Tech stocks soar; doubters take potshots Publication Date: Tuesday February 24, 1998 USA Today (Copyright 1998) By David Rynecki NEW YORK -- Reaffirming the strength of the bull market, resurgent technology stocks lifted the Nasdaq composite index Monday to its first record in four months. The Nasdaq surged 23.63 points to 1751.76. That surpassed its old high of 1745.85 set Oct. 9. The Standard & Poor's 500 also set a record Monday; the Dow Jones industrials hit a record last week. The fact that all three have come back from the October downdraft and set new highs is a bullish sign to some market analysts. "This is among the most resilient markets in history," says Fred Meissner at Robinson-Humphrey. While the Nasdaq has taken longer to rebound, it has done so in more dramatic fashion. The Nasdaq is now up nearly 12% for 1998, vs. less than 7% for the Dow and S&P. That's because the Nasdaq is packed with technology stocks that were badly hurt by concerns that the economic crisis in Asia would hobble profits. But fourth-quarter earnings reports eased those fears. "The market was so punishing when the Asian contagion was at its peak," says Michael Holland, chairman of money manager Holland & Co. "When that irrational pessimism lifted, people looked at the numbers and they were pleased." Yet despite the rebound, many analysts worry that Nasdaq stocks remain vulnerable. Investors face lingering concerns about Asia's impact on corporate earnings, about scandal in the Clinton administration and about the possibility that events in the Middle East have not been fully played out. And the Nasdaq's record performance has been concentrated largely among a handful of big-name stocks. Apple Computer is up 62% this year, Dell Computer is up 56%, Ascend Communications, 50%, and Microsoft, 26%. Some of those gains in Nasdaq leaders have not been because of any obvious fundamental change. Nearly 10% of Microsoft's gain, for instance, has come since the company announced a 2-for-1 stock split on Jan. 26 (the split took effect Monday). Paul Cook, manager of the Munder NetNet Fund, owns Dell and Microsoft shares, but says he won't add to his holdings at current prices. Instead, he is looking for more obscure names and believes the success of the Nasdaq depends on a broadening of the rally away from the obvious winners. But Meissner says investors should relax because inflation and interest rates are low and earnings, while under some pressure, remain strong. "People always try to come up with reasons why new highs are bad. It just isn't so." (END) 12:22 EST February 24, 1998