Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 202.47

-4.5%

3:59 PM EST

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To: Glenn D. Rudolph who wrote (18324)	10/20/1997 6:59:00 PM
From: Jay M. Harris	of 61433

Glenn, I work on the buy side as a PM. Several of my friends who are also PM's have a very strong opinion of Ascend's product portfolio. We realize that Ascend is no Cisco. However, we don't believe that ASND has to fail for Cisco to grow 30% to 50% annually. Consequently, we feel that this recent sell-off represents an attractive entry point for investors wishing to participate in a direct infrastructure play on the i-net. We believe buying ASND at these prices presents an opportunity for 50% appreciation over the next 18 months. Again our valuation work is conservative, and we are familiar with this Co's fundamental position within the networking sector. We view the recent spate of problems as well known by the street and temporary. Happy Investing, Jay

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