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


To: Mighty Mizzou who wrote (60196)3/1/1999 9:53:00 AM
From: hitesh puri  Read Replies (1) | Respond to of 61433
 
As I figured, MCI's decision to increase spending to 6.5 Billion for 1999 is being viewed very positively for LU/ASND. LU up in a down tech market. Cisco can no longer maintain high PEs if their sales to Teleom vendors is mainly routers. Enterprise spending WILL slow this year due to Y2K concerns.

Waiting to buy Intel at 105 - 107. Only guarantee in techs is volatility and puking ability of Institutions.

-hitesh