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

To: Darren who wrote (48032)	6/4/1998 1:54:00 PM
From: Glenn D. Rudolph	Respond to of 61433

Alert: Tech stocks stage a rebound United Press International - June 04, 1998 13:23 %FINANCIAL %STKS %MOVERS V%UPI P%UPI NEW YORK, June 4 (UPI) - Technology issues are staging a rebound in moderate trading (Thursday) after Wednesday's sell-off amid earnings worries, while other stocks move on merger and earnings news. Bay Networks is pacing the Big Board actives, up 1 7/8 to 29 13/16. Compaq Computer is next, ahead 3/16 to 27 13/16. Among the other technology issues, Dow components IBM is up 1 1/4 to 115 1/8 and Hewlett-Packard is ahead 5/8 to 61 5/16, while Texas Instruments is up 2 1/4 to 50 1/4, Micron Technology is up 1 1/4 to 23 3/4 and Motorola is ahead 5/8 to 51 7/16. Intel is Nasdaq's second most active issue, up 2 1/2 to 68 7/16. The semiconductor giant tumbled Wednesday amid rumors it would issue a warning about its second-quarter earnings due to pricing pressure. After the market closed, Intel said it hasn't changed the earnings guidance it's giving to analysts. Dell Computer is also up 2 13/16 to 83 1/16, Microsoft is up 15/16 to 85 1/4, Cisco Systems is up 13/16 to 75 7/16, Oracle is up 1 to 24 9/16 and Sun Microsystems is up 1 1/4 to 43 1/8. DSC Communications Corp. is leading the Nasdaq actives, up 7 7/8 to 27 9/16 after agreeing to be acquired by the French company Alcatel Alsthom in a stock deal valued at $4.4 billion. But Alcatel, which says the deal will expand its presence in the U.S. telecommunications equipment market, is down 4 9/16 to 38 7/8 on the NYSE. Elsewhere on Nasdaq, Northwest Airlines Corp. is down 2 3/4 to 39 7/8 after warning late Wednesday its second-quarter earnings will be ''significantly below'' last year's levels as a result of strikes and ''continued weakness in the Pacific economy.'' Cleveland Indians Baseball Co. is quoted at 14 7/8 on its debut. The baseball company's initial public offering of 4 million shares of its class A common stock was priced at $15 a share. It trades on Nasdaq under the ticker symbol CLEV. -- Copyright 1998 by United Press International. All rights reserved. --