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

To: sepku who wrote (36417)	2/25/1998 4:06:00 PM
From: Gary Korn	Read Replies (1) \| Respond to of 61433

Closing prices of selected network stocks, Wed., 2/25/98: ASND 36.25 +.56 36.19 b 36.25 a200x10 46048 16:01 36.75 h 35.75 l PAIR+ 19.31 +.06 19.25 b 19.31 a 30x10 17213 16:01 19.75 h 19.06 l COMS- 35.12 +2.50 35.12 b 35.19 a 19x10 124150 16:01 35.75 h 32.69 l CS+ 15.75 -.13 15.69 b 15.75 a311x43 15166 16:01 16.12 h 15.69 l CSCO+ 66.75 +2.00 66.75 b 66.81 a360x10 85596 16:01 66.94 h 64.75 l NN+ 22.00 -.50 21.94 b 22.00 a123x200 8769 16:01 22.44 h 21.63 l NT- 51.12 +1.87 51.06 b 51.19 a 73x50 7905 16:01 51.87 h 50.19 l NETA+ 64.87 +.50 64.81 b 64.87 a 10x10 25567 16:01 65.50 h 63.62 l TLAB+ 59.62 +2.50 59.62 b 59.69 a 10x21 33495 16:01 60.44 h 57.00 l SHVA+ 12.06 +.06 12.00 b 12.06 a 15x5 3594 16:01 12.37 h 11.87 l XIRC+ 13.25 +.56 13.19 b 13.25 a 10x22 12820 16:01 13.56 h 12.88 l XYLN+ 26.12 +2.31 26.06 b 26.12 a 10x30 46627 16:01 26.37 h 24.00 l FORE+ 16.06 +.69 16.00 b 16.06 a 10x10 23092 16:01 16.37 h 15.50 l BAY- 31.56 +.56 31.56 b 31.63 a100x100 23499 16:00 31.75 h 30.81 l MRVC- 24.13 +.19 24.13 b 24.19 a 10x27 15985 16:01 25.62 h 24.13 l LU+ 106.38 -1.37 106.25 b 106.44 a 10x10 36777 16:02 109.13 h 106.06 l MADGF+ 6.06 +.56 6.06 b 6.12 a 10x53 8097 16:00 6.12 h 5.56 l WSTL+ 11.81 -.16 11.81 b 11.87 a 2x10 1230 15:59 12.12 h 11.69 l QWST+ 36.25 +.50 36.06 b 36.25 a 5x10 14072 16:01 38.31 h 36.00 l CIEN- 40.44 +2.56 40.44 b 40.56 a 10x50 60242 16:01 41.25 h 38.37 l NWX 315.43 +11.04 16:05 316.59 h 304.39 l

To: sepku who wrote (36417)	2/25/1998 4:18:00 PM
From: Glenn D. Rudolph	Respond to of 61433

******OT******** Gold and silver glide through OTC expiry, PGMs up Reuters Story - February 25, 1998 11:23 %GOL %GB %GOL/E %GOL/ AMSJ.J V%REUTER P%RTR LONDON, Feb 25 (Reuters) - Gold and silver kept in tight ranges through Wednesday's European business, ignoring the day's expiry in monthly over-the-counter options, as platinum group metals traded choppily higher. Gold fixed barely changed at $292.25 an ounce in the afternoon versus the morning's $292.30, having seen the OTC expiry pass quietly. Spot metal was last at $291.90/$292.40 versus its $291.20/$291.60 New York close. Silver was also little changed through European trade, which saw it last at $6.31/$6.36 as against New York's previous close of $6.47/$6.51. The day's action came mainly in rising spot prices for platinum and palladium, the former on a Standard Bank report that Russian supplies were near exhaustion, while palladium built on sizeable overnight purchases in Tokyo. Platinum was last at $381.00/$383.00 against New York's Tuesday close of $374.50/$376.50 while palladium was at $242.50/$244.50 versus $235.75/$237.75 an ounce. Russian supplies of platinum, the rare metal used in car catalysts to clean up emissions, were running low according to leading metals trader Standard Bank. "Sales from their legendary stockpile appear to be nearly exhausted," it said in a statement summarising the findings of its Platinum Yearbook 1998. Russia accounted for 700,000 ounces of the 4.77 million ounces supplied last year, according to estimates by leading refiner Johnson Matthey. South Africa supplied most of the rest, accounting for 3.66 million ounces, the refiner said. Others, such as the leading South African producers themselves, put Russian supplies last year at nearer a million ounces. "Amplats (Anglo American Platinum Corp Ltd ) is the only South African producer in a position to significantly take over the market share that is likely to arise from the demise in Russian sales," Standard said. The bank warned car makers against over-reliance on platinum group metals such as platinum and palladium. "Automobile manufacturers should consider very carefully when basing their ability to sell cars on the assurance of supplies which may well be subject to unexpected delays and which can only be contracted on a short-term basis." It forecast the year's trading range for platinum at $350-$450 an ounce and at $180-$280 an ounce for palladium. Spot gold shrugged off World Gold Council figures showing a record 2,935 tonnes in 1997 demand, a nine percent increase on 1996. George Milling-Stanley, the WGC's gold market analysis manager, said: "The driving force behind the strong growth in gold demand in both full year and fourth quarter was once again jewellery demand, which rose eight percent to 2,476 tonnes in 1997. He said overall gold demand has remained strong into 1998, in spite of continued weakness in some eastern Asian countries. The WGC is funded by the leading gold mining companies in the world and the countries served by the council account for around 80 percent of global world demand. Gold was also unmoved by news that the Czech National Bank (CNB) had sold 25 tonnes of gold in 1997, leaving it with 45 tonnes of gold still in its reserves. The CNB said the yield from gold investment was in the long-term "systematically lower than the yields on other foreign exchange investment." Silver recovered from its Asian lows during early European trade only to stagnate later. Dealers in Hong Kong said the lower price came on profit-taking from the recent move to $7.90 and spoke of $6.30 as the next support level, after which came $6.10.