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

To: Dennis R. Duke who wrote (36651)	2/27/1998 11:49:00 AM
From: sam	Read Replies (1) \| Respond to of 61433

I find the Buffet rumor to be highly unlikely. ASND doesn't seem like his sort of company to me. Hope I'm wrong though.

To: Dennis R. Duke who wrote (36651)	2/27/1998 11:59:00 AM
From: gerard mangiardi	Read Replies (2) \| Respond to of 61433

The only tech stock I can imagine Buffet buying is msft. He loves predictable long term growth and avoids techs. I'm sure the rumor is untrue.

To: Dennis R. Duke who wrote (36651)	2/27/1998 12:02:00 PM
From: FUZFO	Respond to of 61433

50 million shares is about 1/4 of shares outstanding. would this require sec approval of some sort? I doubt its true though, but when warren buys something he does it in a big way, I heard recently he bought up almost 1/4 of the worlds silver starting last summer. Fuz

To: Dennis R. Duke who wrote (36651)	2/27/1998 6:29:00 PM
From: Sowbug	Respond to of 61433

I have [heard] this morning that the famous [Buffett] is rumoured to be buying alot of asnd shares. Looks like he is willing to buy up to 50 million shares on the open market. I wish it were true, but it doesn't make sense. Buffett doesn't buy tech stocks because he buys only in industries he understands, which are insurance, finance, manufacturing, consumer staples, and lately media (though Berkshire Hathaway is technically an underperforming textile mill and also owns a candy company). I could see him buying DELL at $25, simply because Dell's a company that manufactures a product that's rapidly becoming a consumer staple. But a networking company is very doubtful. Note that I sure hope I'm wrong, because this is the kind of mistake I like to make -- like drawing to an inside straight and hitting. I can't say that The Warren Buffett Way, by Robert G. Hagstrom, Jr., was an exciting read, but it tells a lot about Buffett.