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Technology Stocks : Cascade Communications (CSCC)
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To: PashaBear who wrote (3352)4/1/1997 6:01:00 PM
From: Dee Jay   of 3743
 
Harold, my expectation is that Ascend's earnings announcement will more than offset the bad news from Cascade that dragged Ascend's price downward yesterday. Most observers feel that the 30+% under the numbers Cascade announced was the primary cause of the drop but that ASND's price supported Cascade's due to the .7 : 1 price ratio, esle the drop would have been more precipitous for CSCC.

Everything I've read indicates that knowledgeable analysts foresee excellent synergies from the combination IF the managements can meld the companies well. They're off to a good start by the way they're realigning the divisions and under whose direction,notwithstanding Cisco's remarks. The bi-coastal issue is not a small one but thus far Ascend has managed to integrate divisions in Minn., Ohio, VA and NY seemingly well enough.

April 10 will indicate a lot about where the stock is going to go in the near term future. My expectation is for a great earnings report.
Dee Jay
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