Ascend Communications-News Only!!! (ASND) Message Board

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Technology Stocks : Ascend Communications-News Only!!! (ASND)

ASND 235.41

+3.0%

Jan 23 3:59 PM EST

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To: Sector Investor who wrote (679)	12/9/1997 2:04:00 PM
From: Maverick	of 1629

J.P. Morgan raised its rating on shares of 3COM CORP to buy from market perform and set a 12-month $50 per share target price. Last Friday, 3Com and its competitors Lucent Technologies Inc, Motorola Inc and Rockwell International Corp said they were starting to come to a consensus decision about a 56K modem standard. Analyst William Rabin said this was good news for 3Com, and modem standard would help spur sales of 56K modems and Total Control remote accesss concentrators, while alleviating some pressure 3Com is seeing in channel inventory. (Reuters 03:10 PM ET 12/08/97) For the full text story, see infobeat.com

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