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

To: Dragon 1 who wrote (53206)	8/30/1998 9:55:00 PM
From: James A. Venooker	Respond to of 61433

Dear xia qiu, Thank you for your response. I still strongly believe the only place to park your money is in the US markets. Company's have valued their opportunity cost in the European marketplace. As I have said before, when a company announces a shortfall in earnings how many of the last 50 company's who have done so, have not sighted "weakness in the Asian Marketplace? Every time I hear this crap I want to puke. Okay, so tell me why Dell, IBM, MSFT, ASND, and a host of other company's who have plenty of exposure in the Asian Marketplace continue to hit there numbers? I will tell you why, there is a much bigger picture going on here. Your comment of company's looking 20-30 years into the future is not realistic, IBM is the largest case example, as well as, Digital (which is now part of CPQ). For years IBM tried to forecast Asian Trends and spent millions on duplicate research technology, only to learn they had to downsize, become much more mobile, and ultimately "seize the day" or they would no longer be competitive in the marketplace, hence, DEC. As a former employee of Lou Gerstner at RJR Nabisco, and now the CEO of Big Blue, I was present at one of the company's (RJR) meetings where he spoke, and I remember this quote as if he said it yesterday, and this was over 5 years ago, "Technology's are about what we are doing today, and how this will impact tomorrow, not vice versa." I think this quote simplifies Gerstner's managment style best, "seize the day." Carpe Diem, Jamie