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Technology Stocks : Ascend Communications (ASND)

ASND 205.50

-1.5%

Dec 5 3:59 PM EST

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To: Jeff Sheeran who wrote (16027)	10/1/1997 10:42:00 PM
From: Jeff Sheeran	of 61433

Herb Greenburg comments on ASND: sfgate.com -- Ascend descends: Late yesterday Alameda-based Ascend Communications announced third-quarter earnings could miss analyst estimates in part due to delays in the company's flagship Max product. A year ago, when the stock was 54 on its way to 77, a column here said that Ascend ``is shaping up to be one of those either/or stories.'' Either it was about to be subjected to intense competition, or it would create a high-tech coup and unseat Cisco Systems as the king of computer networking. ``We are the Cisco of the mid- 1990s,'' marketing chief Bernie Schneider declared at the time. He added that Ascend intended to do to Cisco what Cisco had done to several rivals in the 80s. Those were fighting words, and Cisco set its sights on Ascend. You're starting to see some of the results. Yesterday Ascend closed at $36.25. It's expected to trade in the high-$20s or low-$30s today.

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