Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 213.42

-3.2%

3:13 PM EST

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To: vegetarian who wrote (12718)	9/15/1997 2:27:00 PM
From: James A. Shankland	of 61433

I think ASND has done significant damage to their reputation this time around in the analyst community (as evidenced by JP Morgan's "eroding communication" comment). Actually, I think it was "eroding confidence," and I read it as talking about eroding customer confidence in the product -- not analyst confidence in management. Not great, of course, but fixable if they move quickly. At this point, pretty disastrous news is already built into the stock price. News that is merely bad will likely provide a substantial relief bounce.

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