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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: scott maragioglio who wrote (36038)2/23/1998 1:12:00 PM
From: DHB   of 61433
 
Dated on the 20th , but either I missed it or the date is a fluke.

Morgan Stanley, Dean Witter issued Company Report
Posted: February 20, 1998

On January 28, 1998 Morgan Stanley, Dean Witter analyst Alkesh Shah issued a 4 page Company Report on Ascend Communications, Inc. Report highlights: "An OUTPERFORM rating was maintained with a 12 month target price of $45. The company reported year end EPS of $1.06 versus $1.00 in the same period last year. Earnings were driven by ATM switching revenue growth. The 1998 and 1999 EPS estimates were maintained at $1.15 and $1.45, respectively."

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