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Technology Stocks : Ascend Communications (ASND)
ASND 199.01-1.6%3:10 PM EST
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To: sepku who wrote (22139)11/8/1997 11:53:00 PM
From: Clare  Read Replies (4) of 61433
 
Slowing momentum from Cascade. Transition from leader of
the "frame-switch" market to ATM cell switch didn't need the
distraction of a merger with Ascend. Any time you have a
merger, you get churn, reorganization lowers morale, and
the people in the takenover company feel displaced. Add to
that their options must be under the water at the moment.

In any case, new CFO said it's time to rebuild the company.
And I hope these problems are behind them and they can
refocus on their core strengths.
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