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Technology Stocks : Ascend Communications (ASND)
ASND 224.22+1.0%Feb 10 3:59 PM EST

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To: William Grady who wrote (6470)7/11/1997 6:50:00 PM
From: giles   of 61433
 
I'm in with the group that believes ASND CSCO & COMS are all great. S&P recommends all. However, it lists ASND as one of its 10 best stocks for the next 12-18 months. Others, ie Cowen and 6 or 7 others prefer CSCO & COMS based on Cowen research that routers are a 30% + growth area, while remote access (ASND) is a 20% growth area (it's much more) and the belief that the 56K problem clouds ASND for now (it does), but nonetheless expect a great 3rd qrtr. My feeling is you can't lose if you are looking for a 50% gain in any of the 3 stocks w/in a year or less. I think ASND will be a double within a year b/c of good MGMT. I also think that ASND is the best choice b/c it has the earnings and 56K cloud over its head.. These should be removed with its earnings report and the following conference call. With the clouds removed, its price should be in the clouds, sky high. I know it won't go straight up b/c of the number of analysts each of whom has a bias or an insight or an ax to grind. Also, there will always be problems in a rapid growth evolving area. I like ASND the best b/c its closest to its low, furthest from its high and I believe in their products and their world wide approach. IMHO, their growth and earnings will be great--short term, intermediate term and long term.

Good luck.
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