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

To: Pat Hughes who wrote (48022)	6/4/1998 1:00:00 PM
From: Glenn D. Rudolph	Respond to of 61433

HOT STOCK HIGHLIGHTS- Top movers Reuters Story - June 04, 1998 10:52 %ELC %US %HOT %STX DIGI ALA DELL %REC %IPO %LEI %ELI %ENT CLEV INTC %APL UVEW LU SYQT V%REUTER P%RTR NEW YORK, June 4 (Reuters) - The following were among the top movers in early trading on Thursday: DSC COMMUNICATIONS CORP UP 9-1/16 TO 28-3/4 ALCATEL ALSTHOM OFF 3-13/16 TO 39-5/8 DSC shares rocketed after the Dallas telecommunications equipment maker agreed to be folded into France's Alcatel Alsthom for $4.4 billion. Each DSC share will be worth 0.815 share of Alcatel ADRs. DSC was the most heavily traded issue on the Nasdaq with more than two million shares traded early in the session and Alcatel Alsthom ADRS were among the most active on the NYSE. --------------------------- DELL COMPUTER CORP. UP 2-1/4 TO 82-1/2 Shares of the PC-maker bounced back in heavy trading after a slight sell-off Wednesday. "They're still perceived to be a good bet for the latter half of the year," said Mark Specker, a PC analyst at SoundView Communications, which rates Dell a buy. -------------------------- CLEVELAND INDIANS BASEBALL CO INC. -3/8 TO 14-5/8 Shares of the major league baseball team fell on their first day of trading after its initial public offering on the Nasdaq. Four million shares were sold for $15 each in the IPO. The stock opened on the positive side, at 15-1/8 and moved as high as 15-1/4 before slipping below their IPO price, making the deal a "broken" IPO. --------------- INTEL CORP UP 1-14/16 TO 67-13/16 The chipmaker rebounded in heavy trading after yesterday's sharp losses sparked by earnings concerns. The fears triggered a broader market sell-off. Both Hambrecht & Quist and Gruntal trimmed earnings estimates which Piper Jaffray started coverage of Intel with a buy and an $85-a-share price target. -------------- UNIVIEW TECHNOLOGIES CORP UP 30/32 TO 2-29/32 UniView jumped nearly 50 percent after the consumer electronics company struck a pact with Lucent Technologies Inc. to work on projects that will better link Internet access and telephones through devices including set-top boxes and Web telephones. ------------------ SYQUEST TECHNOLOGY OFF 1/16 TO 1-7/16 The disk drive maker's stock edged lower and was one of the most actively-traded Nasdaq stocks. Its chairman said the stock's dramatic drop this week was not related to corporate fundamentals, and that its strategy remained "on target". The company also said it would increase production capacity to make 500,000 drives in the quarter ending December 1998. The stock has seen better days. Shares of the stock were worth $2 each just two weeks ago. The stock has steadily declined since its peak in May 23, 1996 when it was worth 17-28/32, except for a brief stab higher in October 1998.