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

To: Stimpson J. Cat who wrote (41124)	3/26/1998 7:23:00 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 61433

Soros has big stake in Apex Silver -NYT Reuters Story - March 26, 1998 04:13 %MET %US %LATAM %EMRG %BO %GDM %GOL %KY %LDC %MRG SIL BRKa BRKb V%REUTER P%RTR NEW YORK, March 26 (Reuters) - Long before Warren Buffett made his well-publicized bet on silver, international financier George Soros bought a big stake in a silver mine, the New York Times reported Thursday. Along with his brother, Paul, Soros controls nearly 20 percent of Apex Silver Mines Ltd , which explores for silver and develops mines, the Times said. The company, based in the Cayman Islands, has an open pit mine in Bolivia that it says "may constitute one of the largest known silver deposits in the world." Soros, through Quantum Industrial Partners, initially invested in Apex at the end of 1994, the paper said. And he's not alone. Another investor is Louis Bacon, chief executive of Moore Capital Management and another hedge fund operator, the paper said. Bacon holds about 6.9 percent of Apex, a stake he acquired in 1996. Apex has been buying properties since 1993 and now has 27 nonproducing silver properties in South America, Central America and Central Asia. But its focus is the San Cristobal mine in Bolivia, a mine expected to begin producing silver in 2001. In its prospectus for an initial public offering of stock on the American Stock Exchange in November, Apex outlined the same case for silver as Buffett did recently when disclosing that his company, Berkshire Hathaway , had bought 129.7 million ounces since July. Apex said it had bought mining properties because of its belief "that silver supply and demand fundamentals were stronger than the then-prevailing price of silver suggested." Thomas Kaplan, chairman and chief executive of Apex, told the Times in a recent interview that the company expects production costs to be especially low at San Cristobal - $2.63 an ounce. That should "enable us to become the premier play in silver."

To: Stimpson J. Cat who wrote (41124)	3/26/1998 9:14:00 AM
From: gbh	Read Replies (3) \| Respond to of 61433

Stimpson, you are correct that Alcatel doesn't support 2.4G yet, I overstated this. However, be clear that ASND has only announced this and won't be shipping for some time yet either. The fact remains that that the Alcatel switch fabric is currently at 80Gb/s, quite enough to support many 622 links in and out, and hence its backbone classification (along with other attibrutes related to high reliability; although all vendors now seem to have these, too). ASND currently only ships the CBX500, a 2.5 or 5Gb/s product. The soon to ship GX500 starts at 25G and can go to 100G.