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

To: Mighty Mizzou who wrote (50797)	7/30/1998 4:06:00 PM
From: GhostofDarren	Read Replies (1) \| Respond to of 61433

I have cancelled my account with SI due to the earlier problems this morning. Those of you that wish to communicate can continue to do so through email: si@odessanet.com. This is a GREAT Thread, and my personal favorite. Don't let it be ruined by buttheads like Zoltan. Good luck to all. And don't forget me when I win The Contest!

To: Mighty Mizzou who wrote (50797)	7/30/1998 5:58:00 PM
From: Mighty Mizzou	Read Replies (1) \| Respond to of 61433

More Bull(ish) on ASND from WSJ Portfolio Manager Sees Value In Some Small-,Mid-Caps NEW YORK (Dow Jones)--There is upside potential to be found in some small- and mid-cap stocks, according to Tim Miller, lead portfolio manager of the Invesco Dynamics Fund. Miller told CNBC Thursday that most investors are gravitating toward the predictability of large-cap stocks as fear of a U.S. economic slowdown grows, but a clearer economic picture could spark an upturn in the smaller names. "If we get some stabilization in Asia, and we can...extend the visibility of growth in the U.S. economy, that historically is when small- and mid-caps outperform," Miller said. Currently, the portfolio manager likes the communications sector, which he sees benefiting further from international deregulation. He favors Ascend Communications Inc. (ASND), as well as some competitive local exchange carriers such as Intermedia Communications Inc. (ICIX). PeopleSoft Inc. (PSFT), a maker of client/server business application software, is trading at a price-to-earnings multiple roughly equal to its growth rate, a level at which Miller said the stock historically has been an attractive buy. Miller's other picks include Intuit Inc. (INTU), Omnicom Group Inc. (OMC) and Cambridge Technology Partners Inc. (CATP). Until the ongoing correction ends, Miller said, he is shifting the balance of his fund more toward his best quality growth holdings. "When we go through corrections like this, we tend to upgrade the quality of our portfolio and...establish larger positions in our favorite stocks," Miller said. -Ted Kemp; 201-938-5392