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Technology Stocks : Ascend Communications (ASND)
ASND 207.04+0.7%Dec 8 3:59 PM EST
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To: Sector Investor who wrote (7985)8/5/1997 1:56:00 PM
From: WBendus   of 61433
 
This report from UBS is nothing different than their opinion from 7/30 that Sector also introduced us too. In their notes from the analyst forum, the acknoledged that there is increased competition in Europe and some uncertainty. That was just reiterated today. This announcement should have been expected by the street as all the information was given before and it took the analyst 5 days to prepare the report. I suspect that after the CSCO release and CC there should be follow up recomendations from the many other analysts that follow this stock.

With exception to increased CSCO competition wihch is "feared", the rest of the article seems relatively positive for ASND. Pretty ballsy of them to release this report just before CSCO reports tonight. Supposed CSCO does not report as UBS is expecting that they might. Man, I would rather have made this announcement after the CC from CSCO and there is some confirmaiton of my feelings and research if I were UBS.
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