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Technology Stocks : Cascade Communications (CSCC)
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To: Philip H. Lee who wrote ()4/3/1997 1:30:00 PM
From: claes bjorkman   of 3743
 
I baught heavy again
RESEARCH ALERT - DLJ starts Ascend (ASND.O) as buy

-- Donaldson, Lufkin & Lufkin analyst Steve Koffler said he initiated coverage of Ascend Communications Inc and Newbridge Networks Corp
(NNC.TO) (NN.N) with buy ratings.

-- estimated earnings of $1.50 per share for 1997 and $2.05 for 1998 for Ascend.

-- estimated earnings of US$1.10 for 1997, and US$1.42 for 1998 for Newbridge.

-- set 12 month targets in the mid 50s for Ascend and $40 for Newbridge.

-- Ascend shares rose 3/4 to 41-1/8, while Newbridge gained 1/4 to 28-1/4 on the New York Stock Exchange.

REUTER
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