Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 207.04

+0.7%

3:59 PM EST

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To: hitesh puri who wrote (39666)	3/18/1998 12:26:00 AM
From: FrankInNYC	of 61433

Hitesh, I call this time "shaking the trees". These institutional guys drive these stocks so far down hoping that the weak and faithless will drop off and sell out for a loss. There is nothing fundamentally different with ASND from the prior week, so why bail out now? I read an article about Newbridge a few weeks ago, and an analyst said there is no reason to suspect that there is weakness in the entire networking sector (hopefully a hint about Cisco & Ascend), but that the problems were company-specific. Same with Bay. Analysts overestimated their success with that new product. And Cabletron has had problems for 3 quarters now.

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