Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 196.84

-4.9%

3:59 PM EST

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To: Nick Elkherj who wrote (54385)	9/18/1998 11:46:00 PM
From: James A. Venooker	of 61433

Dear Nick, No offense but your comments are pure and simply wrong. And I don't believe Tim Luke would concur with your thoughts either. Tim is a day trader and bets on day to day market swings as a whole. Tim is praying for ASND to fall back to the 30's (won't happen), so he can swoop up a great opportunity to flip it. ASND will have strong numbers for the quarter, as well as, announce several new and key contracts for service deals. Your logic is without common sense. If LU waits on a deal to buy ASND at a lower price, as you suggest, then they risk ASND moving much higher as well. Most analysts worth a grain of salt have ASND price targeted in the 60's within 3-6 months. If LU waits it may cost them upwards of 2-3 additional billion's of dollars to buy ASND. LU will bid ASND in early October, ASND will whine, but ultimately give in. Nick my friend, you will soon be the owner of LU shares...bank on it. Regards, Jamie

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