Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.50

+0.5%

Nov 21 9:30 AM EST

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To: P2V who wrote (20017)	10/30/1997 9:22:00 PM
From: Sector Investor	Read Replies (3) of 61433

Mory is just fine, thankyou. ASND had a tough Summer. It looks to me like the 56K and TNT software problems were the main culprits, with some due to digestion of CSCC, and the problem was exasperated by Mory's monthly (instead of weekly) internal review meetings. Because of this, he misled the brokerage houses unintentionally, (IMO), causing the brokerage houses to "punish ASND" these last few weeks. This is evident in the low volume and lack of ASND participation in rallys. ASND has dropped to this level because of this lack of support. This will not last however, because the first month of the quarter will be over tomorrow. There will be briefings by ASND mgt, and when word gets out that Q4 is off to a good start, they won't be able to hold ASND down anymore. When sentiment turns, it will turn fast. They are so greedy and eager to make money that they will all want to get back in ahead of the others and not be left behind. The stock will bounce without news - then upgrades and bullish articles will start to appear. The pizza bet is still on - I might lose (because of this Asia surprise) but I won't lose my mid-range bets on ASND.

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