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

To: djane who wrote (45707)	4/29/1998 3:25:00 PM
From: Teddy	Respond to of 61433

It's Role Reversal for Cramer at the H&Q Conference By James J. Cramer 4/29/98 3:10 PM ET Talk about the height of absurdity. I just called in to tell Jeff Berkowitz, my partner, how the 3Com and Ascend meetings went. Jeff is the quintessential Mr. Outside. He is always trying to figure out new changes at the margins, pick up hints, find out new things about companies. He is a fixture at forums like the one I am at right now, the Hambrecht & Quist Technology Conference. I am the quintessential Mr. Inside. I take Jeff's data points and I turn them into stock points. So imagine my surprise when I told Jeff that I had just pulled up with Mory Ejabat, the CEO of Ascend, and he was quite bullish, and then having to be told, "Well, Jim, that's why the stock is up a buck. Duh." Heck, that's my job he's doing. And he's dissing me! But every year I make it a point to go to three of these conferences. I do it because if I don't I will get stale. I will not feel the pulse of the industry, know the new players, understand how business is humming, or not, at least at America's latest and greatest companies. If I don't do this I run the risk of just trading the Ciscos and the 3Coms, tried and true names that I know well and am comfortable with. One of the things that drove the Trading Goddess crazy in the early '90s was that I was always jamming on new names like Cisco and Oracle, when she was much more comfortable trading the Cats and the Deeres. She hated the new stocks, but that's where the performance was. She would rather retire than change, and she did! Give me Maytag or give me death, I guess. That's why I have to find out about the Rogue Waves and the Ovids. I can't afford to just trade the same old names when there could be some home runs out there. But you have to see these companies in action to understand what they do and get the feel for their execs to see if you believe they can execute. Still I found myself playing my role at these meetings, not Jeff's. Take a look at the schematic of my mind during the Ascend meeting: "Hmmm, wish he had said Europe was a tad better, could knock the stock to $42, but wait a sec, that's positive on Japan, going to $43. Oh no, he didn't take the bait offered by H&Q analyst Joe Noel and preannounce better numbers. He's not smiling. $41 look out. Ah, attacking Cisco, back to $43, but how about my Cisco position?" Get's a little like the Strangers on a Train tennis scene if you ask me. Meanwhile, some of these meetings remind me of opera. I sit around and wade through all of Die Walkure just to hear the Ride of the Valkyries -- the earnings forecast -- and would just as soon nod off at the rest. For Jeff, though, this stuff must be like Mozart, one good aria after another. Guess I am jealous. For what it is worth, the synthesis of 3Com and Ascend from Cramer Berkowitz? Same as previous guidance. Now that's worth flying 3,000 miles for!!!! James J. Cramer is manager of a hedge fund and co-chairman of TheStreet.com. At time of publication, his fund is long Ascend, Cisco and 3Com, although positions may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Mr. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he welcomes your feedback, emailed to Jjc@thestreet.com. See Also WRONG! DISPATCHES FROM THE FRONT ARCHIVE

To: djane who wrote (45707)	4/29/1998 3:36:00 PM
From: djane	Read Replies (1) \| Respond to of 61433

Landis and Cramer sightings. [Internet buildout is "unstoppable" according to Landis, but a couple days ago he said networkers will have problems in 2H98. Go figure. djane] Silicon Valley: H&Q Conference Notebook: Advanced Fibre, VeriSign and an Albert Einstein Joke! By TSC Staff 4/29/98 2:08 PM ET thestreet.com SAN FRANCISCO -- What's the hot stock of the day at the Hambrecht & Quist Technology Conference? It's looking like it may be Advanced Fibre (AFCI:Nasdaq). According to Kevin Landis, portfolio manager for Interactive Investments, Advanced Fibre gave an extremely bullish presentation at the private breakout session following its 8 a.m. presentation. (The press is banned from breakout sessions.) "You almost can't go wrong investing in the buildout of the Internet," says Landis. "You can argue about Amazon.com (AMZN:Nasdaq) and whichever model will work, but it's clear that the buildout is unstoppable." At midafternoon AFCI was trading at 43 3/16, up 1. Look for a feature on Advanced Fibre tomorrow morning on TSC. Cramer on the Scene The meeting rooms are loaded with fund managers to talk to, full of quotable market movers. But there is one particularly verbose hedge fund head that every other journalist in the room is interviewing and TSC reporters can't talk to. The indefatigable Jim Cramer attended the H&Q conference today, and spent most of the day surrounded by an admiring throng. But TSC reporters can't even talk to him about stocks and avoided him like the plague. Items by West Coast Bureau Chief Cory Johnson, contributor Kevin Kelleher and staff reporters Eric Moskowitz and Kevin Petrie. See Also SILICON VALLEY H&Q Conference Notebook: Amazon.com, Informix and GeoCities 4/29/98 8 AM SILICON VALLEY H&Q Conference: Silicon Graphics Does the Dinosaur 4/28/98 7 PM SILICON VALLEY H&Q Conference: USWeb or USWhat? 4/28/98 6 PM SILICON VALLEY ARCHIVE

To: djane who wrote (45707)	4/29/1998 3:41:00 PM
From: djane	Respond to of 61433

The Truth About the "Global" Internet URL: zdnet.com 7.html How the Web Was Won Annette Hamilton, Executive Producer ZDNet AnchorDesk Wednesday, April 29, 1998 We've all heard how the Internet is a wondrous, global phenomenon that is erasing borders and flattening economic barriers. Just listen to BlackWeb's Frank Coburn, who attests, "The Internet has leveled the playing field for everyone. Race and gender have become irrelevant and we can now obtain the same information and speak to the same people as anyone else." Baloney. Yes, it is headed that direction. But it is emphatically not there yet. Here's the real story on the Internet's international scope. There are an estimated 119 million Net users worldwide according to Nua Internet Surveys' latest tally. However, a quick pulse-check reveals the Internet remains a North American phenomenon: Two-thirds of all Internet users reside in North America. If you are a tech entrepreneur, these are the people you want to influence. Click for full story. Roughly two-thirds of all Internet servers reside in the U.S. The Internet influencers -- Web publishers -- are concentrated in America. Four out of five Web pages are in English -- the unofficial language of the Net. That's where we are. Now for where we're headed: The Rest Of the World (ROW) will pass the U.S. in Web users later this year. The ROW won't pass the U.S. in Web servers for several more years, which indicates the culture and content of the Net will be dominated by the U.S. for years to come. The next five countries to come online in force will be: Japan, Taiwan, Germany, Australia and the United Kingdom. As you are trying to predict where the online wave will hit next, don't rely exclusively on the number of PCs per capita. You must also consider a country's telecommunications infrastructure, telecommunications costs, language barriers and cultural considerations. Someday, the Web will be a truly global phenomenon. But if you base your business strategy on the assumption that it's there now -- or that the whole world is going to move to the Web at the same time -- you won't be in business when it finally occurs. Don't Miss... If It's Not On The Web, It's Not News Internet's Killer App Crosses Over E-tailers Who Are Getting Filthy Rich READ MORE: eStats: Internet Around the World - Internet zdnet.com How Many Online? - Internet zdnet.com dex.html U.S. Seeks Global Internet Tax Ban - ZDNN zdnet.com 09546.html Ziff-Davis International Magazines - ZDNet zdnet.com ZDNN: Internet News - ZDNN zdnet.com EVALUATE: InternetUser: Ultimate Internet Resource - ZDNet zdnet.com DISCUSS: AnchorDesk Forums zdnet.com s_56.html TOPICS: Internet zdnet.com ------------------------------------------------------------- Copyright (c) 1997 ZDNet. All rights reserved. Additional reproduction in whole or in part or in any form or medium without express written permission of ZDNet is prohibited. ZDNet and the ZDNet logo are trademarks of Ziff-Davis Inc.