Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 219.98

-0.3%

10:45 AM EST

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To: gbh who wrote (50066)	7/15/1998 12:25:00 PM
From: djane	of 61433

MS upgrade Ascend Communications (ASND) 53 +3 7/16: --UPDATE- Morgan Stanley Dean Witter raises estimates and price target on provider of wide area networking solutions after it posts slightly better-than-expected Q2 results; raises FY98 EPS estimate from $1.18 to $1.20 a share and FY99 EPS from $1.50 to $1.60 a share; also ups its price target on the stock from $55 to $60 a share..... Looks like MS did a lot of hard work on this report...

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