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

To: John Meares who wrote (56647)	11/1/1998 11:53:00 PM
From: James A. Venooker	Respond to of 61433

Dear John, The only relationship between the two company's are; 1) They are both Tech plays, and 2) They both are among (with INTC being much larger) the larger players on the NAZ. I feel INTC will fall back because the stock has shown resistance at the $90 level, and I believe will continue to do so. As for ASND, the company should hold its lack of PR as the reason this stock is not $65 a share. However, in spite of the weak PR, I believe this stock is getting ready to shine. Contracts have fallen into place, the so called "loan issue" which was overblown to the downside, should throw a few extra bucks into ASND's next quarterly (provided LU hasn't gobbled them up yet) earnings. Charts, P/E, PEG...well I throw them all out the window, and go with my gut instinct. My gut says INTC moves lower, and ASND moves higher over the next 6-8 weeks. Just my opinion. Good luck, Jamie