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To: Moonray who wrote (25931)	12/7/1998 7:53:00 PM
From: Mang Cheng	Read Replies (2) \| Respond to of 45548

The market is wild - stocks going up for no reason. Here is what I found in Sreet.com about asnd today : Ascend's (ASND:Nasdaq) jump this afternoon shows that the mirth continues in the communications-equipment sector. No solid fundamental news was at work. The stock popped 6 15/16, or 12.2%, to an annual high of 63 15/16. "It's just a speculative frenzy that hits Ascend every once in a while," says one money manager who owns shares of both Ascend and Lucent (LU:NYSE), a dominant builder of telephone networks. Ascend makes equipment for the Internet. "We keep scratching our heads on this," he says. Earlier this fall it seemed that the communications-equipment suppliers were bracing for a slowdown; today a few signs have improved and the bulls are getting pretty worked up. It doesn't take much -- investors pushed up Lucent stock on Friday simply because executives said they expect to meet profit expectations next year. Part of the long-running speculation is that Lucent will acquire Ascend to cement its position in the Internet business. Tonight an Ascend spokesman flatly denied that any deal is in the works. "There's no M&A activity" underway, he said. thestreet.com Mang