Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 205.50

-1.5%

Dec 5 9:30 AM EST

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To: mike angelo who wrote (7735)	7/30/1997 11:00:00 AM
From: Gary G. Withrow	of 61433

From Briefing.com: ASCEND COMMUNICATIONS INC. (ASND) 53 1/8 CLOSED. Computer networking concern could continue to push higher this morning after senior management made some very positive comments at an investors conference yesterday. Accordingly, the stock rose $6 3/8 yesterday and could see more investor follow-through this morning. According to Ascend's Bernie Schneider, vice president of strategic business development, "we continue to see fairly broad-based demand both internationally as well as domestically for Internet services." According to the company officials, this broad demand is being accompanied by little price pressure. The company also expects to maintain its gross margins above the 65% level through the end of the year. At the same time, company officials are very encouraged by the growth prospects in Europe as they expects major upgrades to come from telephone companies and Internet service providers over the next couple of quarters. Thus, the positive viewed shared by management with investors yesterday is expected to again help the stock this morning, although in recent months, the stock has had a tough time trading above $60 a share.

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