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Technology Stocks : Ascend Communications (ASND)

ASND 208.80

-0.8%

3:59 PM EST

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To: Jeff Mills who wrote (19921)	10/30/1997 4:32:00 PM
From: iceburg	Read Replies (1) of 61433

Thursday October 30 3:20PM CDT Ascend coverage initiated as a buy for Iceburg Securities Mpls, MN - Analyst Steve Johnson of Iceburg securities, after watching the demise of Asc-End Communications for months, initiated coverage with a buy recommendation. Steve cited his companies attraction to falling knifes as the reason for the "buy" recommendation and gave a 1 month target price of $37/share. He also commented that Iceburg Securities would by upgrading Ascend to a Strong buy hours before selling off. ---

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