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Technology Stocks : Ascend Communications (ASND)
ASND 196.07-0.4%11:51 AM EST

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To: David Rosenberg who wrote (15103)9/29/1997 10:24:00 PM
From: P.T.Burnem   of 61433
 
The analysts are very SUSPECT IMHO.

This must be the understatement of the month. An analyst's job is to lure the gullible public into taking the opposite side of their institutional clients' trades. As far as I am concerned, ASND's analysts have earned their keep and then some.

You know it's coming when an analyst cuts the company's near-term estimates while touting its long-term prospects.

Good luck,

PTB
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