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Technology Stocks : Ascend Communications (ASND)
ASND 212.11-2.3%1:12 PM EST

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To: Tim Luke who wrote (26889)12/8/1997 12:20:00 AM
From: Julian Chen  Read Replies (1) of 61433
 
My guess is ASND will gap down on the open (more people want to get
out due to no further rumors). After that it will depend on the direction of the market and other network stocks (especially COMS and CSCO). I won't surprise a down day for ASND, however, I don't think
it will drop to mid-20's next week. The recent strength of COMS and CSCO should be strong enough to hold ASND more close to the high 20's
than mid-20's in the very near term.

Your guess is as good as mine.
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