Ascend (ASND) descending? Message Board

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Technology Stocks : Ascend (ASND) descending?

ASND 213.30

-0.1%

Jan 2 3:59 PM EST

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To: Steve Schreifels who wrote (150)	6/14/1996 8:42:00 PM
From: david jung	of 313

ASND coverage intiated at a buy (from www.wsj.com): Dow Jones News Service -- June 14, 1996 Cowen & Co. Starts Ascend Communications At Buy NEW YORK (Dow Jones)--Cowen & Co. analyst Chris Stix initiated coverage of Ascend Communications Inc. (ASND) with a buy rating, a source at Cowen said. Ascend, of Alameda, Calif., develops and markets high-speed digital network access products. Further details weren't immediately available. And from the www.briefing.com: 14:15 ET ****** ASCEND COMMUNICATIONS (ASND) 60 -1/2. Stock is fairly stable today compared to Thursday's 2 3/4 points decline. Issue was ushered lowered yesterday by rumors that the company would face problems shipping its 'TNT' product on time. According to company, however, product will be released as anticipated. As predicted yesterday, company's quelling of rumors, after investors sold-off the stock, should present a buying opportunity. It appears that Cowen & Co shares this opinion, resulting in firm's issuing of a "buy" rating on the stock today.

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