Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 205.50

-1.5%

Dec 5 9:30 AM EST

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To: Immi who wrote (41551)	3/30/1998 2:24:00 PM
From: Greg h2o	Read Replies (1) of 61433

Also, COWEN raised ASND to a buy. I know this is last week's news, but this is the short report and the rationale. EPS OLD NEW Ascend Communications Buy 1997 1998E 1999E $1.06 $1.19 $1.42 We have raised our rating on ASNF to trading buy (2) from neutral (3). Our price target is $37 (26X estimated 1999 EPS). ASND's Q1 is on track, and the company's core ATM business is doing better than expected. With continued improvements in product quality and new software features on TNT shipping, business keeps getting better. We expect an acceleration in H2:98 as Europe gears up for continued telecom deregulation, Japan recovers and Latin America service providers begin to deploy ATM backbones. In addition, new product and customer announcements are likely in the near term. ASND $33 - Stix

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