Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.33

+1.1%

Nov 28 9:30 AM EST

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To: sepku who wrote (26508)	12/5/1997 6:04:00 PM
From: Gary Korn	Read Replies (3) of 61433

(REUTERS) U.S. OPTIONS FOCUS/Investors jump on Ascend ride U.S. OPTIONS FOCUS/Investors jump on Ascend ride CHICAGO, Dec 5 (Reuters) - Options investors jumped on the Ascend Communications Inc <ASND.O> takeover bandwagon Friday, snapping up calls on speculation that the computer networking gear maker would be bought out, traders said. But they said all the action was on the retail side, indicating institutional investors were staying away. "There's all kinds of retail speculation out there," said one options trader in New York. "There's an absolute flood of retail orders. Nothing institutional." Some options participants believe institutional activity often lends credence to takeover speculation. MORE * end of story *

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