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: sepku who wrote (18804)	10/23/1997 1:32:00 AM
From: pass pass	of 61433

This is what Michael Murphy, a "guru" of high-tech stocks (it seems ASND is a safe buy here whether you believe him or not): Murphy doesn't believe the rumored Lucent Technologies (NYSE:LU) acquisition of Ascend Communications (NASDAQ:ASND) will materialize. ''Lucent can get most of what it wants by partnering with Ascend,'' he said. ''Also, why would Ascend want to sell out at this price when in six months, with it getting its acquisition of Cascade under its belt and improving business, its stock could be worth 50 percent more?''

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