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

To: Gary Korn who wrote (38845)	3/11/1998 10:43:00 PM
From: P-san	Read Replies (1) \| Respond to of 61433

$$ OT $$ XYLN is also a band width maker. I was wondering what Gary Korn's opinion on this one is (or anyone else) since it is always a few spots above ASND on the Network YTD list. As of today XYLN is at the #1 spot. (I own shares of both XYLN and ASND!) Any comments are greatly appreciated! P-san

To: Gary Korn who wrote (38845)	3/11/1998 10:43:00 PM
From: FUZFO	Respond to of 61433

from CBS Marketwatch, see bold: Networking stocks lift Net index But some big Internet companies falter By Barbara C. Costanza, CBSMarketWatch Wed Mar 11 17:01:01 1998 ÿ LOS ANGELES (CBS.MW) -- Some big-name Internet stocks fell Wednesday even as the Amex Internet index rose. What drove the index (IIX) higher was a rebound by large networking companies, some of which saw shares decline along with other tech stocks last week. Salomon Smith Barney's Internet analyst Mark Usem believes last week's earnings warnings from Intel (INTC), Motorola (MOT) and Compaq's (CPQ), prompted money to flow out of traditional large tech stocks and into pure Internet stocks driving them up dramatically. Now investors appear to be reversing course, selling off the biggest Internet players at higher levels and shifting proceeds back into now-depressed networking stocks. Usem said, "investors are looking for growth but the problem with Internet stocks is there's no liquidity."ÿÿ Internet stocks losing ground included Infoseek (SEEK) down1 to 19 3/4, Excite (XCIT) 4 7/8 to 51, Yahoo! (YHOO) 3 1/4 to 84 1/4, CNET Inc. (CNWK) 2 5/16 to 36 3/4 and Lycos (LCOS) 3 1/16 to 42 1/4. The Networking Amex Stock Exchange Networking index (NWX) rose 4.40 to 311.95. Individual stocks on the closing up included: Cisco (CSCO) 1 1/4 to 62 5/8, Newbridge (NN) 7/8 to 25 1/2 and Motorola 1 47/256 to 54.

To: Gary Korn who wrote (38845)	3/11/1998 11:38:00 PM
From: Chris Ariens	Read Replies (1) \| Respond to of 61433

>It therefore could be a wild ride on Friday, April 17 I am expecting the same. IMHO, the stock will run up a bit in the beginning of April as buyers move in anticipation of the earnings release. Generally, I do not hold options until expiration - since 80% of options expire worthless anyways. I typically buy 1 or 2 months out and sell within a month of buying - or sooner if a target price is reached or if conditions deteriorate. It's a high-risk strategy, although the risk is limited to the premium paid. and I wouldn't advocate it to anyone who isn't prepared to accept a heavy loss or miss out on a huge gain occasionally. I remember a couple of days before INTC announced 4Q earnings in January, the stock had gone nowhere and sentiment was very bearish. I sold my Jan 70 calls with a week to go, at about 10 in the AM, if I held on just an hour later, they would have been worth double the price I sold for. For Apr40 Calls, I would likely sell if ASND hit 40 with > 1 week prior to expiration, and at that time decide on another exit point based on market sentiment about the earnings forecasts. I think expectations are they will meet or beat the street estimate.