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

To: rag2rag who wrote (58285)	12/23/1998 10:18:00 PM
From: artemus	Respond to of 61433

The 10 billion market cap rise in LU today is fairly close to the 14 billion ASND total market cap (give or take a few). Kind of puts it in perspective.

To: rag2rag who wrote (58285)	12/24/1998 8:22:00 AM
From: Rob Pierce	Respond to of 61433

"IMHO, you guys are reading too much into the LU and ASND price movement" Hmmm, I guess so. Thanks for the charts. Swapping IBM in for NN on that chart makes the irrelevant argument even stronger. OK, then, forget the price tracking. Still, I'm interested in reasons how/why IBM'd be a better fit. IBM's current product line networking.ibm.com certainly appears far more LAN/WAN oriented than telecom/ISP oriented. ASNDs products and acquisitions are definitely geared toward the latter category. If IBM wanted to participate in the telecom space they could hardly go wrong with ASND. And ASND could certainly get a boost having IBM's backing in taking on LU and CSCO. Rather than ASND being swallowed by one of the big telecom companies, with IBM it could instead lead IBM's charge into the telecom arena. IBM's an intriguing consideration. Very intriguing indeed. Rob Pierce

To: rag2rag who wrote (58285)	12/24/1998 9:24:00 AM
From: JH	Respond to of 61433

<CSCO, NN, LU and ASND have been tracking very closely> Relative performance graphs are tricky to interpret, because it depends very much on the choice of the start date on which all of the prices are normalized to a scale of "100". If the start date is re-adjusted to October 5, 6, 7 or 8 (before the big correction in the market), it's clear that CSCO has been outperforming the others by at least 10%, due to the brokerage PR machine going on overdrive on CSCO, touting it as the next best thing since AMZN for a play on the growth of the internet. I'm looking short CSCO against my long positions in ASND in anticipation of the "outperformance" spread narrowing over time.