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: Greg Jung who wrote (41421)	3/28/1998 12:36:00 PM
From: Jan Crawley	of 61433

The stock is rising on takeover speculation (imagined), not the expectations relative to their earnings. Holders of a presumed suitor do not believe it, otherwise we'd see somebody tanking. Greg, Would you elaborate/support your take-over speculation statement. Consolidation/Asnd merger has been a possibility for a while but it is not a front-burner issue currently. Unless you share with us your insight....... Asnd was traded above $35 comfortably on its own strength. Then (two weeks ago)the real/speculated earnings shortfall surfaced due to many market conditions/manipulations/psychology...... Currently, the realization is that Asnd is most likely on target on it's 1q earnings; which suggests that their problems are behind them and the turn around is solid.... I believe that when Asnd turns around...it will regain the same P/E treatment with its peers..(currently COMS is over 50, CSCO, BAY...)..some time this summer. On a further note, If Asnd's earnings is $.24 Vs $.25 with more favorble future visibility, why should Asnd be punished severly by the Streets? 30 something will should still be the floor. (COMS earned $.04, with $.70 as the 1998 total Eps. estimates.) Just my opinion. Regards, Jan

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