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

To: Thomas M. who wrote (38313)	3/7/1998 7:19:00 PM
From: B.K. Ohneis	Read Replies (1) \| Respond to of 61433

the media have reported that China will do a lot more to stimulate its domestic mkt. that is good news for a big country. it should not rely on export. selling things cheaply is just throwing its resources away. once its domestic potential is tapped, it will have no match. so it is high time for ASND people to buy more ASND because China will build a vast internet network soon. the other day MSFT signed an agreement with CHL (China Telecom) for something. It was reported that MSFT people cannot put a monetary value on it! soon hardware will follow. that is my guess. china's foreign currency reserves stand at $140 billion recently. that is big. real big. in addition, HK has $80 billion. not to mention Taiwan. so they have no problem with normal foreign currency needs. Info on this can be found at the last page or two of The Economist magazine. on Gold reserve, China does not appear to have disclosed it. rumor (or humor) has it that it is bigger than people think or can estimate. Buy more ASND. I am guessing that the networking cos are bidding right now with CHL to wire the whole China. I hope ASND will win part of the job. by the way, take this with some salt? i am long on ASND, really long.