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Technology Stocks : Ascend Communications (ASND)
ASND 206.43-1.2%3:36 PM EST
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To: blankmind who wrote (29944)1/11/1998 3:15:00 PM
From: Gary Korn  Read Replies (1) of 61433
 
I am sure because of your diligence we did not slide like coms. prior to your reporting there was about a 10 point difference in share price between coms and asnd, now only 4. the only reason for this is your releasing of information to investors.

Blankmind,

This is very kind of you, but there is just no way I had any impact whatsoever on ASND's price! Hopefully, however, the news I reported eased some nerves among people on the thread (including my own!) If only Asia would settle down, we could make some money. Some people say it will, some people say it won't.

Anyway, if you've got to park money in a stock, MS made it clear that ASND is as decent a prospect as any. Risk for 4Q97 earnings and, I think, even 1Q98 earnings pretty clearly is gone. That is helpful, don't you think?

Gary Korn
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