Tony Perkins of Red Herring calls ASND a "Second Tier, Niche player"
(them's fightin' words).
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Tech.-Stocks.-Cont./Call
JOHN DEFTERIOS, CNNfn ANCHOR, DIGITAL JAM: I'm John Defterios in
New York with Tony Perkins of The Red Herring Magazine. He's out in
San Francisco. We're taking your calls. 1-800-304-FNET (20:11:00)
is the number. We are being flooded right now, Tony. The first
caller is from Connecticut. It's Robert on the line for you. Go
ahead, Robert.
...
DEFTERIOS: We're going (20:13:30) to sweep through the South
here. We're going to go to Texas. We've got Taz on the line for
you. Hi, Taz.
CALLER: Hi. Tony, in-line with the technology stocks, Ascend
(Company: Ascend Communications; Ticker: ASND; URL:
ascend.com (20:13:40) has been under pressure for the
last, I guess, three or four months. What is your prognosis? When
do you think they'll be out of the doldrums?
PERKINS: We've been (20:13:50) saying that networking sector in
general, will be the great growth sector in 1998. Ascend, of
course, is a second tier player, (20:14:00) more of a niche player
compared to the Ciscos and the 3Coms (Company: 3Com; Ticker: COMS;
URL: 3com.com but we think it's a leader in its
categories. It's a good stock but the other thing we're seeing is
more (20:14:10) monopolies really being solidified more quickly
than we had thought. Oracle (Company: Oracle Systems ; Ticker: ORCL
; URL: oracle.com is solidifying its position in the
data base markets. Cisco is clearly going to continue to dominate
networking. (20:14:20) Intel, of course, though, it's tough for the
Ascends to do too much damage to the Ciscos, but as a second tier
networking stock, (20:14:30) it should experience good growth in
'98.
DEFTERIOS: OK, Tony, we have to leave it right there. Thanks for
joining us. |
