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

To: gbh who wrote (54365)	9/17/1998 6:07:00 PM
From: The Phoenix	Read Replies (1) \| Respond to of 61433

LU doesn't have DACS? That's new to me. You should go back and check that Gar.... I think you made an oooops. <eom> OG

To: gbh who wrote (54365)	9/17/1998 6:28:00 PM
From: djane	Respond to of 61433

OT Republicans accuse White House of sexual witch hunt [The rest of the world is laughing at us. Are Americans this immature? Sounds like junior high stuff...] Thursday September 17, 4:29 pm Eastern Time By Alan Elsner, Political Correspondent WASHINGTON, Sept 17 (Reuters) - Republicans accused the White House on Thursday of orchestrating a sexual witch hunt after the respected elder statesman who would head an impeachment inquiry into President Clinton became its latest victim. Republican lawmakers angrily accused the White House of being behind a personal smear campaign against Judiciary Committee chairman Henry Hyde, after the veteran Illinois lawmaker was forced to acknowledge having conducted an affair with a married woman 30 years ago. ''In recent weeks, several of our colleagues have been subjected to vicious partisan attacks via the news media by individuals who are clearly attempting to intimidate members of Congress,'' said California Republican John Dolittle. He said various Clinton supporters, including his brother Roger, had warned Republicans to expect their personal secrets to be exposed. ''We will never be intimidated by these scorched earth tactics, we will not back down from our consitutional responsibilities, and we will not cower from the White House attacks. We will do what is right,'' he said. Texas Rep. Tom DeLay, the third ranking House Republican, said he had heard reports that Clinton allies were investigating Democrats as well as Republicans. ''Abuse of power is far more serious than having an affair 30 years ago. I just urge the president to stop his allies from engaging in this kind of disgusting conduct,'' he said. The White House denied playing any role in exposing Hyde's affair. Chief of Staff Erskine Bowles said any staffer found to be involved in such activities would be fired. Hyde, a staunch conservative, is admired by members of both parties for his intellectual honesty and personal integrity. He became the third Republican House member to admit to adultery in recent weeks. Indiana Rep. Dan Burton and Idaho Rep. Helen Chenoweth both acknowledged extra-marital affairs, which in Burton's case led to the birth of an illegitimate child. In all three cases, the admissions came as a result of journalistic exposes. Texas Rep. Martin Frost, chairman of the Democratic congressional campaign committee, said he was appalled by the attack on Hyde, whom he called an honorable man who would conduct any proceedings against Clinton with distinction. ''Any Democratic candidate for Congress who initiates personal attacks on the private life of his opponent will no longer receive funding from the Democratic congressional committee,'' said Frost. He said any member of his committee involved in such attacks would be fired. His Republican counterpart, Georgia Rep. John Linder, immediately matched Frost's gesture, saying he would write to all Republican candidates warning them against trying to smear their opponents. ''I believe the White House had a hidden hand in all of this,'' Linder said. Hyde himself said he would not be intimidated and the investigation of alleged perjury and obstruction of justice arising from Clinton's relationship with former White House intern Monica Lewinsky would go forward. The report on Hyde appeared in Salon, an online magazine. It said Hyde had a five-year affair with a woman called Cherie Snodgrass in the 1960s, despite the fact that she was married with three small children. ''The statute of limitation has long since passed on my youthful indiscretions,'' Hyde said in a statement in which he acknowledged that he and Cherie Snodgrass had been ''good friends a long time ago.'' Both the White House and the magazine denied that any administration staffer had been involved in the story. ''Because Washington has now become a maelstrom of outing, of sexual investigation, of sexual McCarthyism, there should be a level playing field now,'' said Salon editor David Talbot, who wrote the expose. ''What's good for the president is good for those who are sitting in judgment on him,'' he said. Related News Categories: international, options, politics, US Market News Help Copyright c 1998 Reuters Limited. All rights reserved.

To: gbh who wrote (54365)	9/17/1998 9:11:00 PM
From: gbh	Read Replies (2) \| Respond to of 61433

I guess I missed the CNBC piece. Sounds like from the few comments here, and the action in ASND stock, that the takeover premium may continue to build over the next few weeks. Seems like we may have the making of a few week rally. 1) Mory on CNBC stating LU/ASND very compatible. 2) LU analyst meeting today at which something obviously leaked out and drove the stock wild. 3) 10/1 looming. 4) LU chomping at the bit to compete with CSCO head to head. 5) 1 through 4 adds up to short squeeze. I may have to rethink my LU/ASND position and load up on some pure spec out of the money calls. OCT 55's may be a good play.