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Technology Stocks : Ascend Communications (ASND)
ASND 206.52-1.2%Nov 25 3:59 PM EST
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To: Harry Ehrlich who wrote (23651)11/16/1997 5:27:00 PM
From: sbeckbal  Read Replies (2) of 61433
 
My memory is that Pilgrim/Baxter got out of ASND in the low 50s, but there is still Amerindo [Alberto Vilar] with something like 5.2 million shares in various funds--after the ASND/CSCC merger it was Vilar who said that he would never sell one share of the new ASND stock, despite all the naysaying in the street. Then there is Mcnamee's Integral group, whose largest holding some months ago had been ASND, although last month when McNamee was still appearing on CNNfn's Digital Jam he had become much more guarded about the stock, eventually even giving up on his other favorite COMS (short-term) and resorting to the usual blather about staying with CSCO, the market leader, blah, blah, blah...
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