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

To: gerard mangiardi who wrote (55050)	10/2/1998 9:37:00 AM
From: tepli	Respond to of 61433

Gerard, I went through my files and found the article on WSJ I referred to. I was so annoyed then that I decided to save it. March 19, 1997, Mr. Biggs said: "In real terms a bear market has begun" "I believe the tech cycle has peaked", following a note he sent to clients last week on the same subject. "prices are continuing to go down,... so, the combination of those trends will have a devastating effect on technology stock prices" "growth recession.. will last several years". Several other analysts disagreed with Mr. BB. To remind you, that day NAZ was 1250, CSCO was 22,5 !, MSFT 48. No credit to Mr. BB, he was wrong, he is wrong again. Regards, tepli