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Technology Stocks : Ascend Communications (ASND)
ASND 210.44+1.9%12:39 PM EST

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To: Dee Jay who wrote (51872)8/10/1998 12:24:00 PM
From: Mark Duper  Read Replies (1) of 61433
 
Analyst says Ascend on track (from cbs tech watch)

CS First Boston said network equipment maker Ascend
Communications Inc. (ASND) gave an upbeat presentation
at a networking conference in Santa Clara, Calif. and the
company is on track to hit revenue and earnings estimates
for the third quarter. Analyst James Parmelee said Ascend's
core switching and remote access businesses were strong in
July.
Shares dipped 1/8 to 47 3/8 nonetheless.
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