Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.98

+4.3%

Dec 11 3:59 PM EST

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To: djane who wrote (50682)	7/29/1998 10:41:00 PM
From: djane	of 61433

briefing.scam on ASND/CSCO Computer Networking Group leaders Cisco (CSCO) and Ascend (ASND) extended their pullbacks, falling 2 and 1 11/16, respectively... Downside targets are at 90 and 45. Second and third tier names such as Shiva (SHVA), Cabletron (CS), Vanstar (VST) and Xylan (XYLN) can't get on track even though valuations are compelling... Market still favors big names, particularly in this increasingly competitive industry. Telecommunications Equipment Another spanking for the once high-flying telecom equipment group... Street coming around to view that merger mania in the services sector is a long-term negative for the equipment makers... Recent advance by group leaders Lucent (LU), Nortel (NT), Tellabs (TLAB) also left industry vulnerable to profit-taking once market tone turned. Lucent (LU) fell 3 3/16 despite news that company was selected by US West to provide data networking systems for soft hand-off of wireless calls... LU also won a $70 mln contract from Taiwan wireless operators to expand their region-wide GSM 1800 networks... Stock nearing congestive support at 88. Qualcomm (QCOM) rose 5/16 in reaction to news that CIBC Oppenheimer started coverage with a buy rating. Punk Ziegel started coverage of Tellabs (TLAB) with a buy... Expects TLAB to earn $1.81 in FY98 and $2.55 in FY99. At Home (ATHM -3 1/4) filling 6/23-6/24 gap... Turnaround should come soon.

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