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

To: James A. Venooker who wrote (54858)	10/1/1998 3:44:00 AM
From: Joseph Pareti	Read Replies (2) \| Respond to of 61433

ever heard of "At the crest of the tidal wave" ? now the run-up to 8100 was DEFINITELY the dead cat bounce. Europe is melting down today on the heel of Japan. Dow at 7400 soon (today ?) next resistance 6000-6300 ?

To: James A. Venooker who wrote (54858)	10/3/1998 7:51:00 PM
From: Gary Korn	Read Replies (5) \| Respond to of 61433

I was just looking at market caps and price x sales figures: Stock Price Shares Mkt Cap Sales Price x sales LU 63 1.31B $82.0B $26.00B 3.1x sales ASND 40 3/16 198MM $ 7.9B $ 1.26B 6.3x sales NN 16 11/16 177MM $ 2.9B $ 1.13B 2.6x sales PAIR 7 13/32 70MM $570MM $292MM 1.9x sales XYLN 11 5/8 43MM $500MM $318MM 1.6x sales I just don't see LU buying ASND when it can get NN for significantly less. NN has Cambrian (a DWDM affiliate) and a wireless product. Also, NN just picked up a sizeable several hundred million dollar SBC ATM contract. (I also see tremendous value in PAIR and XYLN, the former as a DSL/telco play, the latter as a Layer 3 play with gigabit ethernet and telco presence to boot). Gary Korn