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

To: Peter Yang who wrote (38204)	3/7/1998 2:55:00 AM
From: blankmind	Read Replies (1) \| Respond to of 61433

the bear market of the networkers since last year is finally over - peter yang asnd headline.

To: Peter Yang who wrote (38204)	3/7/1998 2:56:00 AM
From: jach	Respond to of 61433

<Maybe the bear market of the networkers since last year is finally over and this year will be the bull market for networking companies.> companies that did not execute well got punished, csco, lu and nt did not have the same fate last yr. it's now getting closer to where we'll probably have a handful of strong networkers - asnd, coms and bay are still questionable at this point to become as one of the big three, for example. Latest dell'oro did not have asnd in either first or second for RAC/RAS. If the cscc side slows in some qtrs will not look good for asnd -

To: Peter Yang who wrote (38204)	3/7/1998 9:54:00 AM
From: Glenn D. Rudolph	Respond to of 61433

I feel there is not much fear in the tech sector in general. Three earnings preannoucement and option volitility is not extremely high. See the following: Friday March 6, 7:14 pm Eastern Time U.S. OPTIONS FOCUS/Vols on techs options ease CHICAGO, March 6 (Reuters) - Implied volatility in most technology stocks eased on Friday, even after Motorola Inc (MOT - news) said late Thursday its first quarter profits would not meet industry expectations -- the sector's second profit warning in two days. Volatility on Motorola options was nearly unchanged, while volatility on options on Intel Corp (INTC - news), which issued a profit warning on Wednesday, dipped. ''If we get another company that says their earnings are going to get whacked, we might see (implied volatility) get squeezed. ''There's still a lot of demand and it's coming from everywhere. People want to own these stocks and if we get a slow steady rise (in the stock prices), vols will come off some more,'' an options dealer said. Implied volatility on March at-the-money calls on Motorola was steady to slightly firmer around 34 percent even as the stock fell 2-6/16 to 53-5/16, the lowest level since November 1996. March at-the-money implied volatility on Intel calls and puts eased to the high 20-percent range as the stock recovered 2-9/16 to 78-1/8 after Thursday's sharp fall. A rebound in the tech sector lifted investor sentiment and contributed to a broader-based rally. Shrugging off stronger than expected February employment data released before the open, the S&P 100 (.OEX) jumped 9.65 points, or almost two percent, to 502.79. The S&P 500 (.SPX) surged to a fresh record, adding 20.64 points to 1,055.69. The Market Volatility Index (.VIX), which measures implied volatility on the OEX, fell 2.38 points to 19.75. Options analysts said equity put/call ratios were flagging bearish signals. Index put/call ratios had been distorted by heavy institutional put selling recently, they said. After the market closed, trading in Compaq Computer (CPQ - news) stock was halted in after-hours trading after the company said its first-quarter results would fall short of Wall Street's expectations. The stock closed 9/16 higher at 27-11/16. March at-the-money implied volatility on calls was around 55 percent.