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

To: jach who wrote (58221)	12/20/1998 2:16:00 AM
From: MMW	Read Replies (1) \| Respond to of 61433

Hi Jach, I know you have a down ward opinion on CSCO ever since it went down to $60. You are also like FORE very much. I own both of them. But I think you call on both stocks is on the opposite side of stock performance. I bought FORE for $22.375 in my IRA account early this year. But it only trade at $19 lately. On the contrary, I own the STRM share(later become CSCO in 1:1) since 1992. Now for every share of STRM, it has increased 81 times in value since 1992. It is very difficult for me to believe your assessment of those two. In fact, I have talked to some MCI internet people in the past. regarding FORE. He showed me how cheap the FORE ATM switches were. I believe FORE makes best ATM LAN switches. But there are two problems with it. First, ATM LAN market has not take off the way it predicted in the past. Second, FORE switch is too cheap. The company does not make enough margin on it to satisfy investor. They have such roller coster performance in this couple years. I don't think they are going to get better. ASND actually has better performance than FORE. It has improved its fundamentals lately. I used to own some of that. The only problem I have with ASND is its management. It does not consistent with its message. But the stock price is relatively inexpensive. May be I will get in at right price. Cheers! Mike