Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 208.80

-0.8%

3:59 PM EST

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To: Sector Investor who wrote ()	10/31/1997 12:17:00 PM
From: Larry J.	Read Replies (2) of 61433

To keep things in perspective re: insider selling. Again, from Mercury News story this A.M. "It's the first time top-level insiders have been allowed to sell stock since February as the company has digested buyouts of Whitetree Inc. and Cascade Communications Corp. CFO Dahl, the journeyman finance executive who signed on with Ascend to help shepherd it through its 1994 initial public offering, is "contemplating" retirement and says his sales in part are for estate planning purposes. What's more, the entire stock market's makeup has changed since Dahl filed his sales, which account for about a fourth of the recent activity. "I certainly didn't sell thinking Hong Kong was going to hell in a hand basket" says Dahl, whose successor as CFO will be announced today. Additionally, Ejabat's sale of 15K shares is "micenuts". I think its entirely plausible that insider sellers had just planned on timing sales based on restrictions being removed regardless of the price. I do not think this is indicative of any pending disaster (beyond the one which has IMO already occurred.) Larry

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