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

To: Eric E who wrote (39283)	3/15/1998 10:41:00 PM
From: blankmind	Respond to of 61433

GLOBEX PRICES AS OF 03/15/98 09:35 PM TRADE DATE: 03/16/98 CONTRACT LAST NET CHGE CONTRACT LAST NET CHGE EURO $ MAR98 94.315 -.5 J-YEN JUN98 7860 -39 JUN98 94.38 -.5 B-POUND JUN98 1.6624B +8 SEP98 94.37 UNCH D-MARK JUN98 .5521 -10 DEC98 94.295B UNCH SWISS FR JUN98 .6840 -10 MAR99 94.31B UNCH CAND $ JUN98 .7096 +2 JUN99 94.27P ---- AUST $ JUN98 .6747B -35 LIBOR APR98 94.39P ---- F-FRANC JUN98 .16500P ---- MAY98 94.40P ---- M-PESO JUN98 .111450P ---- S&P 500 JUN98 1079.20 -170 REAL APR98 .87830P ---- E-MINI MAR98 1068.00 -150 RAND FUT APR98 .199800P ---- JUN98 1079.00 -200 KIWI FUT JUN98 .5820P ---- NSDQ100 JUN98 1186.85A -90 BP/DM JUN98 3.0042P ---- GSCI APR98 161.70P ---- DM/JY JUN98 70.020P ---- MEX CETE JUN98 79.30P ----

To: Eric E who wrote (39283)	3/15/1998 10:52:00 PM
From: Gary Korn	Read Replies (1) \| Respond to of 61433

Should we be concerned about a possible correction at this time? Eric, A correction is always possible, but there are some positives vis-a-vis ASND: ASND has been tracking the Nasdaq composite index very closely since February 13. See #chart-asnd I think this is because there currently is nothing about ASND's revenue -- positive or negative -- that would cause it to stand out from the pack. Consequently, if the NASD were to correct by 10%, I would expect ASND to correct 10% as well. That would mean a drop from 35 to 31.5 At least there is no indication that ASND would "over" correct. If you've got to park your capital somewhere (other than in cash), this seems to be a good thing. After 1Q earnings, ASND has a decent chance of rising faster than the NASD composite. That is because it will be closer to the double-digit sequential revenue growth predicted by ASND management for 2H98. It is this prospect -- that the market may soon inflate ASND's p.e. (and stock price) in anticipation of a greater growth rate -- that would tend to keep me invested in ASND. (Even so, I have more in cash now than I did back in January given that the market has come so far so fast.) Gary Korn