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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: George T. Santamaria who wrote (20004)10/30/1997 10:02:00 PM
From: David Lawrence  Read Replies (1) of 61433
 
George,

I meant that Pairgain's management has been "up front" with the investment community, whereas Ascend's management has not. A portion of Ascend's prior high multiple was based on the perception that there would be no surprises. They have consistently mislead (my opinion) with regard to their status with 56k, and now it has come back to bite them, or rather, their investors. Credibility once lost takes a long time, if ever, to regain.
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