Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 200.71

-3.1%

10:12 AM EST

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To: xiang chen who wrote (12990)	9/15/1997 11:30:00 PM
From: emichael	of 61433

WHAT EVERY HAPPEND TO THIS; ==================================================================== NEW YORK, Sept 3 (Reuter) - Furman Selz said on Wednesday it upgraded its rating on the shares of Ascend Communications Inc to a buy from a neutral, with a 12-month price target of between $55 and $60 per share. -- The stock was also added to the firm's recommended list. -- Analyst Martin Pyykkonen said he was raising his 1998 earnings estimate to $1.80 per share from $1.75 per share. -- Ascend's share price had backed down to a more reasonable level and Wall Street estimates were now more realistic, he said. -- "In the long term, we increasingly believe that Ascend is well-positioned for increased carrier spending which we fell is gaining momentum," Pyykkonen. -- The stock rose 7/8 to 41-3/4. Copyright 1997, Reuters News Service THIS REALLY MUST BE A GREAT BUYING OPPORTUNITY. JUST 3 WEEKS AGO ANALYST ON CNN WERE TALKING ABOUT BUYING NETWORKING STOCKS FOR LONG TERM INVESTMENTS. THIS COULD BE A REAL SHORT TERM INVESTMENTS IS WE GET A BOUNCE. $50 BUY OCT. 15TH.

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