Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 220.42

+4.9%

Dec 12 9:30 AM EST

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To: The Phoenix who wrote (51218)	8/2/1998 1:01:00 PM
From: sam	of 61433

Just some rambling thoughts: I think there has been a lot of "weak" hands holding ASND. Those are people buying cause they think ASND will be purchased. If you watch the typical Friday trading patterns you can see those hoping for that weekend buyout. But -- so far -- it hasn't come. Plus, with the specter of ASND's Stratus purchase looming, doubts about ASND being purchased (and questions about their ability to quickly integrate Stratus) have taken hold and flushed out some of the weak hands. This was even more pronounced because of the late-summer slump (correction) that has been taking hold. FWIW, I think the Stratus purchase (if it in fact takes place) will be a smart move for ASND -- long term. These guys know their business and they have proven that to me again and again. Now, all they have to do is prove that they can MANAGE the business, too.

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