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Technology Stocks : Ascend Communications (ASND)
ASND 209.43-0.2%Dec 23 3:59 PM EST
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To: Jeff Jordan who wrote (11333)9/10/1997 3:22:00 PM
From: X208   of 61433
 
IEWS AND NEWS,ASCEND COMMUNICATIONS *****

MarketScope, Wednesday, September 10, 1997 at 14:27

9/10/97 2:20 pm... ASCEND COMMUNICATIONS (ASND 40) DOWN 2-1/2, MORGAN STANLEY
CUTS 3Q, '97 EPS ESTIMATES... Analyst Alkesh Shah tells salesforce trims $0.35
3Q EPS estimate to $0.33... Says cuts reflect delayed qualification in Europe
of 56K line cards for MAX TNT... Says despite that, sources indicate demand
remains strong... Believes that as UUNet becomes more formidable dial-up
service, good proxy for Internet growth, ASND could benefit more, especially
as he would expect incremental dial-in capacity to be added to UUNet network
as opposed to CompuServe, AOL networks... Maintains $0.38 4Q, $1.95 '98 EPS
estimate... Maintains strong buy./B.Brodie

-0- ASND $ (0800) 09-10-97 02:28 PM EST
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