Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 217.38

-1.0%

3:59 PM EST

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To: Chuzzlewit who wrote (3383)	6/4/1997 2:38:00 PM
From: Steve Sucheck	of 61433

On Wednesday, Cabletron was up 5/8 to 30-3/4, but other networking stocks were lower. Bay Networks Inc (BAY) was off 1/8 at 22-1/4 and Ascend Communications Inc (ASND) was off 3-11/16 at 46-5/8. Bellwether Intel Corp (INTC) was off one point at 144 and Microsoft Corp (MSFT) was down 3/4 at 120. ``Many of these companies are selling at premium multiples now so if their earnings disappoint even a little bit, investors will take them out and shoot them,'' Blumberg said.

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