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

To: Matt Webster who wrote (38693)	3/10/1998 4:09:00 PM
From: Glenn D. Rudolph	Respond to of 61433

Sun rebounds on positive analyst comments Reuters Story - March 10, 1998 15:15 %DPR %ENT %US %HOT %RCH SUNW CPQ INTC V%REUTER P%RTR SAN FRANCISCO, March 10 (Reuters) - Shares of Sun Microsystems Inc rebounded from a sharp drop Monday, after analysts said Sun is not likely experiencing the same problems as Compaq Computer Corp with its server business. Monday, Sun's shares tumbled 4-31/32 to 37-25/32, in an overall technology rout after Compaq warned Friday that it would only report break-even earnings in the first quarter, citing in part, aggressive price cuts in servers. Salomon Smith Barney analyst John Jones raised his rating on Sun. "We believe part of Compaq's server softness is due to the (Sun) 450's success," Jones said in a note to clients. "We believe it is benefitting from the confusion due to the DEC-Compaq merger, surrounding Alpha server direction," Jones also said. Jones noted that Sun's unveiling of the 450 Server last August was targeted directly at Compaq and servers running the Windows NT operating system. Sun was up 4-13/32 to 42-3/16 in very active trading. Jones said that his share price target for Sun is $53. Lehman Brothers analyst George Elling reiterated a buy on Sun, saying that the recent weakness in the stock created a buying opportunity for Sun investors, who had overreacted to Intel Corp and Compaq's earnings shortfall warnings. Analysts also said Sun executives spoke at a Morgan Stanley investor conference Monday and said that Asia-Pacific and Japan have been weaker this quarter but that strong sales in the U.S. and Europe would offset any weakness in Asia. "In view of Sun's strength in the U.S. and European markets, we are confident that they will be close to our earnings estimate (of $0.60 a share), although due to Asia it could be a few pennies off," Elling said in a note. "It (Sun) is the cleanest story around," said Daniel Kunstler, a J.P. Morgan analyst. "In Asia-Pacific, what dominates is the low-end of the line. Their offset discussion is perfectly credible."

To: Matt Webster who wrote (38693)	3/10/1998 5:00:00 PM
From: FUZFO	Respond to of 61433

I don't want anymore buying opportunities -- I want a selling opportunity. LOL ! I agree with your earlier post: $30 = buy, $35= hold, $40=sell. Fuzfo

To: Matt Webster who wrote (38693)	3/10/1998 5:14:00 PM
From: Bald Eagle	Read Replies (1) \| Respond to of 61433

<<I want a selling opportunity.>> I guess you missed the one in late February when ASND went above 38 intra-day?

To: Matt Webster who wrote (38693)	3/10/1998 9:33:00 PM
From: Glenn D. Rudolph	Respond to of 61433

Argentine telcos have no comment on deregulation Reuters Story - March 10, 1998 21:14 %LATAM %AR %EMRG %LDC %TEL %ES %US TEA2.BA TAR TEO TEC2.BA V%REUTER P%RTR BUENOS AIRES, March 10 (Reuters) - Telefonica de Argentina and Telecom Argentina refrained from comment Tuesday on a government announcement ending the firms' telecommunications monopolies in 1999. Both companies said there would be no official comment on the government's plans to deregulate telecommunications until the decree by President Carlos Menem is published. Menem announced a series of measures Tuesday which starts with the immediate liberalization of public telephone services and ends next year with the opening of all telephone services to more competitors. Telefonica said in a letter to the Buenos Aires Stock Exchange that once the decree is ready "we will inform the exchange about it and we will proceed with the analysis of its implications, affects and our course of action." Telecom issued a similar letter, saying it will "inform about the elements that will have a significant relevance for the company." The original privatization contract of 1990 for the firms foresaw an extension of the companies' basic telephone service monopolies until 2000. Officials from the Communications Secretariat which published a pamphlet on the changes Tuesday said the decree was likely to be published in the government's daily Official Bulletin Wednesday, though it could be later in the week. The companies said they needed more details than the pamphlet to express their views.