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Technology Stocks : Ascend Communications (ASND)
ASND 197.59-0.8%Nov 7 3:59 PM EST
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To: Tim Luke who wrote (20692)11/3/1997 2:38:00 PM
From: W.G.  Read Replies (1) of 61433
 
The ASND situation now is very similar to coms at$20s. Remember coms' ceo kept giving negative warning to frustrate investors. The reality is that the thing was not that bad and stock came back. The asnd price now was set for a co that may go out of business and today's news in fact should be positive if they are conservative when they say 10% sequential growth, which implies that the business is okay, just grows at a lower rate than expected when stock price was $80.
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