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Technology Stocks : Ascend Communications (ASND)

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To: Tim Luke who wrote (27234)12/9/1997 2:54:00 PM
From: Paul Bush  Read Replies (1) of 61433
 
2 reasons

1) CEO said they would make earnings (which is the major
contributing factor) this took away the worries that they
would preannounce a dissapointment.

2) Modem Standard is looking like it will be finalized soon.

I admit the rumor gave it a boost, but I beleive that ship has
sailed. The reason it isn't sellling off is because they have
more visibility about earnings.

This could all change in a general market donwturn which could
very well happen.

Just my opinion.
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