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Technology Stocks : Ascend Communications (ASND)
ASND 220.58+5.0%Dec 12 3:59 PM EST
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To: Sector Investor who wrote (14487)9/26/1997 12:02:00 AM
From: Kevin   of 61433
 
SBC Warburg Dillon Read raised its rating for ASCEND COMM INC to
a buy from an outperform, the Wall Street firm said. The change is
based partly on valuation and on Thursday's reported deal to sell
equipment to UUNET Technologies. The stock likely is close to
bottom and investors with some caution should begin to build back
their position, Warburg Dillon said in a research note. The 1997
EPS estimate is $1.24 per share, while for 1998 it is $1.79.
(Reuters 01:20 PM ET 09/25/97)
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