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Technology Stocks : Ascend Communications (ASND)
ASND 194.62-1.1%10:13 AM EST

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To: RobZ who wrote (42127)4/3/1998 8:43:00 PM
From: scott maragioglio   of 61433
 
Robz,
This news is IMO the reason the stock has been strong. It shows that Ascend can go toe to toe w/ Cisco and win. This has got to be a little bit of an embarassment for Cisco. As for the hold by UBS, their analyst is Nick Theodopolis, he is more of a traders analyst and uses more TA than most. I don't think he'll raise until the stock breaks clear of resistance.
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