Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.50

+0.5%

Nov 21 9:30 AM EST

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To: Wolverine who wrote (19759)	10/29/1997 7:48:00 PM
From: Kevin Kessel	Read Replies (2) of 61433

Been away for awhile. I was into Ascend a month or so ago at 32 and change. Although the recent decline is disheartening, one must see the silver lining. The company is still fundamentally sound. Has NO Long term debt and plenty of cash--over 500million dollars. The recent decline might is a combination of the market as well as the fact that fund managers had to settle up their cap gains taxes. Therefore, when they locked into big profits from other high flyers, they had to sell Ascend to offset their gains. However, I believe a lot of them will inevitabily buy back Ascend in the near term. We should settle somewhere back around 32 in the next few weeks. Kevin

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