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Technology Stocks : Ascend Communications (ASND)
ASND 205.50-1.5%Dec 5 9:30 AM EST

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To: Tim Luke who wrote (18588)10/21/1997 11:34:00 PM
From: James A. Venooker  Read Replies (1) of 61433
 
Dear Tim,

Thanks for the timely response. Your postings have been more accurate than just about any that I have read on SI. I also own 500 shares of ASND, 300 in the conversion of CSCC and 200 at $32.
I think your outlook is probably on the money. However, the speculation of takeover is so good for the stock I guess we just hope if we say it is going to happen enough times, maybe it will. Either way I agree we should do alright with this stock in the 6-12 month time frame. I really would love to see a bidding war between AT&T or Lucent or whoever fight over this company (a la ITT, Hilton). Remember wishful thinking.

I also have a 1000 shares of INDV, what's your outlook on it? My favorite stocks include:
LLY (which I have made a killing on (please no jinx) over the past 2 years
TEXM (Michael Stewart, CEO is a wall street favorite, I am still waiting for his following to pick up on this stock, currently 3 1/2 ish.
DEC (family is friends with Robert Palmer, he likes the stock, so de we, looks ripe for either takeover (Compaq) or stock rise and split after the 1.6 billion it rakes in from Intel.
SSPE (small unknown, don't know a hell of a lot about company other than some close friends highly reccomend it at or below 15 ish
PRGS (Have done real well with this high flyer great stock at 15-17, can't touch it now)

Good luck and thanks for your feedback feel free to e-mail me directly at adijamie@aol.com.

Jamie
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