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Technology Stocks : Ascend Communications (ASND)
ASND 197.10+0.1%1:24 PM EST

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To: Thomas M. who wrote (13432)9/18/1997 3:50:00 PM
From: giles   of 61433
 
COWEN also had little or no credibility IMHO until ASND tanked b/c of MGMT's failure to live up to their own projections, competition, certification problems. At 55 COWEN seemed dead wrong with a hold rating. When ASND hit 32 they seemed dead right. So I am holding off kicking COWEN now.
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