Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 207.04

+0.7%

Dec 8 3:59 PM EST

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To: Kevin Kessel who wrote (12993)	9/15/1997 11:39:00 PM
From: men mailman	of 61433

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>Thanks Venke, I am glad that you appreciated my post. I was just very tired of all the claims and hype that was going on with absolutely no means to back it up. As I have been saying for a while now, I felt ASND would most likely come down from the 40's before it made any substantial move upward. At first, I was criticized for this by I believe somebody named Style Pts. He said Ascend would Never see the high 20's as I had mentioned as a likely scenario. Well, I still believe that the high 20's are possible but I went ahead today and bought Ascend because it looked very attractive to me. To hedge myself , I bought 1/2 of my position today right before close. I still believe strongly that this company is fundamentally sound. That is always my first criteria for buying any stock. According to last quarter they have ~800million dollars in cash and a/r. They have NO long term debt at all. They are now trading at 18-22 times next years REVISED down earnings. I believe that these delays, are just that, delays. It is my feeling that their core Remote access server business is just experiencing a short-term problem. According to latest market share report their main business of Remote access servers still has 31% of the market. This compares to 3com with 32% and Cisco with 16%. Based on my TA their next support is 31 7/8 and then 29. This is going back to 95-96 when they traded at these levels. It is also my believe that the Cascade merger will prove very benefical in the long run. As I have always said, I liked Ascend but I thought it had some room to go down. Well, I surmise that we are very close to the bottom now. If we go any lower I will add to my postion. I feel that the short-term will by a rocky ride but the long-term will prove to be very positive, barring any unforseen fundamental changes in the company's products and/or customer relationships. Kevin >>>>>>>>>>>>>>>>>>>>>>>>>>>>>> WELL SAID

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