Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.41

-0.3%

12:16 PM EST

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To: Narotham Reddy who wrote (10042)	8/28/1997 6:21:00 PM
From: emichael	of 61433

Updated for: August 28, 1997 Briefing.com Brief: Another bleak day in the networking sector as two key players - Ascend and 3Com (both Briefing favorites) fell by more than 2 points... Little news, just short-term bearish momentum... 3Com's technical tone also deteriorating a bit... Supports for these two stocks are at 40 and 42, respectively... Underpinned by takeover speculation, FORE Systems bucked bearish trend and rallied nearly 6%... SoundView raised its FY98 earnings estimate for Bay to $1.10 from $1.00... Stock fell by one point anyway. Our Favorites: ASND Recent pullback overdone... Strong earnings growth potential... Values... L/t benefit of Cascade purchase... CS Management shake up... Discounted valuations... Initial price target set in the 42-45 range. CSCO Market leader poised to recover after brief bout of profit-taking in response to as expected earnings report... Quality management team...Strong earnings growth potential...Briefing maintains target of 86-90... COMS Well positioned to emerge as one of industry's top players after merger with USRX... Despite recovery rally stock still trades at discounted valuations relative to ltgr and industry... Target in the upper 60s, low 70s. Great Site:http://www.briefing.com/schwab/schwab_index.htm

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