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

To: djane who wrote (45408)	4/27/1998 2:17:00 AM
From: djane	Read Replies (5) \| Respond to of 61433

Qwest Wins U.S. Government Contract To Provide a 'Virtual Private Network' [CSCO provides VPN and ASND provides ATM/frame relay per 4/20/98 announcement] By a WALL STREET JOURNAL Staff Reporter, 4/27/98 DENVER -- Qwest Communications International Inc., expanding into remote data-access services, won a 10-year, $430 million contract to provide the federal government with a "virtual private network" that will allow employees in satellite offices secure access to main-office computers. Qwest declined to disclose the government department or office that awarded the contract. The contract, which Qwest is expected to announce Monday, calls for the telecommunications company to provide the government with hardware, engineering and management services. Qwest is best-known for its plans to complete a national fiber-optic network in 1999. But its move into remote-access services fits Qwest's mission of delivering high-speed, Internet-based services to corporate and government customers. "The virtual private network product line is focused on broadband networking," said Joseph P. Nacchio, Qwest president and chief executive. "That is exactly what the Qwest network was designed for." Return to top of page Copyright c 1998 Dow Jones & Company, Inc. All Rights Reserved.

To: djane who wrote (45408)	4/28/1998 1:11:00 PM
From: djane	Read Replies (2) \| Respond to of 61433

More info on Landis (Tech Value Fund) Okay, I'm playing stock detective. In a 4/26/98 SJ Mercury article posted on this thread, Landis stated, ''I think things could get real ugly for the networking stocks in the second half of the year,'' says Kevin Landis, a portfolio manager for the Technology Value Fund in San Jose. He fears that revenue growth can't keep up with falling average selling prices and that no networking company will be immune." sjmercury.com Now, check out his statements at a 4/25/98 conference on the day before. "The second trend, or wave, is broadband to the home, Landis said. ''Broadband to the home is coming and if you can identify the companies that are going to be the most successful in providing that to people, those companies are going to win big,'' Landis said. Included in the growth of broadband is the necessity, according to Landis, to greatly increase the bandwidth backbone. ''There's a lot of traffic that is going to go on the Internet that will make today's bandwidth look just tiny,'' Landis said. Companies positioned to grow substantially in this area, he said, include PMC Sierra (NASDAQ:PMCS - news), Advanced Fibre (NASDAQ:AFCC - news), Level One (NASDAQ:LEVL - news) and Vitesse Semiconductor (NASDAQ:VTSS - news). Landis said it is far safer for investors to invest in the growth of Internet traffic by buying stocks of companies that build capacity and make data move more quickly than to guess which Internet provider or search engine company will prevail as leaders." See the whole article at biz.yahoo.com It would seem that ASND and CSCO would be perfectly positioned given this scenario. And, Landis holds CSCO in his Technology Leaders Funds. So, wise thread readers, what gives? Pretty amusing. My question is how he can hold lots of networking chip companies while he rags on their end clients. Is there a consistency which I am missing? Is it as simple as Landis wants to reestablish positions in the networkers and wants a lower price? djane