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Technology Stocks : Ascend Communications (ASND)
ASND 200.28-1.0%Dec 3 3:59 PM EST

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To: vegetarian who wrote (16185)10/2/1997 11:33:00 PM
From: Sector Investor   of 61433
 
<<-Ejabat in a presentation earlier said that they did business with all
the seven bells and the business was fine possibly implying that they
had significant/measurable business with all of them>>

C'mon, "possibly implying"?
He was asked a question and he answered it.

<<-Noel did not beleive this and went and checked, and he found that
the level of business with other than two is insignificant and possibly
slipped when he said no business in the earlier press release.>>

"possibly slipped"? Read again what he said:

``He looked that investor straight in the eye and said we do
business with all seven. I will never forget that meeting,'' Noel
said.

<<I am willing to accept that Noel was not careful when he said no
business is done but that is a matter of technicality.>>

No, if he "knew" as you imply that ASND did business with all seven,
and deemed 5 as insignificant, then made the above comment, that is
not a technicality - it is an outright lie.

Analysts can impact the price of stocks with their comments. Lies by
analysts are not cool.
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