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

To: Filippo Zucchi who wrote (36432)	2/25/1998 7:02:00 PM
From: Gary Korn	Read Replies (2) \| Respond to of 61433

They show 8 different insiders selling 194,000 at prices between $30 and $34.625. 5 of the insiders are current or former Officers (the guys who know best what is going n). Any insights on this significant selling? Fil, The selling was insignificant. You are right, these people know best what is going on. See my post 35524, which I will repeat here: Synopsis of insider sales this Feb. 1998 window: Ejabat 34,998 Ejabat 20,000 Stagno 11,693 Deshparde 35,000 Colicchio 5,000 Sanford 15,000 Johnson 18,000 Johson 12,000 Smith 50,000 (perhaps another 50,000...being checked) Schneider 25,000 Total: 226,691 or 276,691 This total is very, very low compared to insider sales during earlier open windows. As such, it may even suggest that insiders are relatively "holding" ASND, a positive sign: Oct-Nov 97: 485,955 Feb 97: 646,193 Oct-Nov 96: 543,707 Jul-Aug 96: 249,829 (ASND rose after this window from 52 to 72) Apr-May 96: 695,628 Jan-Feb 96: 603,986 Gary Korn

To: Filippo Zucchi who wrote (36432)	2/25/1998 7:06:00 PM
From: uu	Respond to of 61433

Flippo: > Since I have a sizable chunk of money tied into ASND... I say lets start a club since I am sure most here do have a sizable chunk of money tied into ASND... > Any insights on this significant selling? Just that their kids are growing up and soon they will be going to college (Standford most likely since all the sellers seem to live in Los Altos, Palo Alto area in the heart of Silicon Valley). And also they are buying brand new homes in these areas. So it is understood, they do need the money?!! But seriously speaking, 194000 shares compare to the total outstanding shares and total shares insiders continue to hold is not that significant and I would not be worry about it. Regards, Addi Jamshidi

To: Filippo Zucchi who wrote (36432)	2/25/1998 8:39:00 PM
From: Marc Hyman	Read Replies (1) \| Respond to of 61433

the insiders are current or former Officers (the guys who know best what is going on). Any insights on this significant selling? 1) The quantity sold is not significant. 2) The fact that shares are being sold is not significant. I know this is hard for some folks to believe, but when you've got a bunch of shares with more vesting every month it makes sense to sell some, even when the price is going up. The first reason is because every financial planner, book, guru, whatever will tell you that you are crazy if you don't (the all the eggs in one basket argument). The second reason is because you see the people around you buying fancy cars, airplanes, bigger houses, whatever and you want to buy some, too! Also, those that have to file 144s only have certain windows when they can sell (I'm pretty sure that is true, but could be wrong). // marc