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Technology Stocks : Ascend Communications (ASND)
ASND 209.98+4.3%Dec 11 3:59 PM EST
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To: Tim Luke who wrote (38090)3/6/1998 2:34:00 PM
From: djane   of 61433
 
I repeat my belief buried in a prior post that ASND has the same "feel" as COMS last year when it rallied very quickly from 24 to 60 after the INTC scare subsided. Moreover, ASND doesn't have the COMS lower-end, more commodity products problems and ASND is smaller and can more easily achieve a higher growth rate than COMS. As BAY, COMS, CS and NN have their problems, ASND will move strongly into the #2 networking position behind CSCO. As many mutual funds, hedge funds and "smart money" investors will only buy the top 2 players in any sector, this will greatly assist ASND's run to 60 before year-end. IMHO djane
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