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Technology Stocks : Ascend (ASND) Traders

ASND 197.33

-5.3%

Nov 5 3:59 PM EST

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To: Bob Misita who wrote (247)	9/26/1997 9:32:00 AM
From: The Antique	of 369

RESEARCH ALERT - Ascend (ASND.O) upgraded to buy NEW YORK, Sept 25 (Reuter) - SBC Warburg Dillon Read raised its rating for Ascend Communications Inc to a buy from an outperform, the Wall Street firm said on Thursday. -- 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. -- Ascend was up 14/16 to 37-7/16 in early afternoon trading. REUTER

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