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Politics : Ask Michael Burke

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To: Glass House who wrote (25689)	2/2/1998 6:07:00 PM
From: Knighty Tin	Read Replies (3) of 132070

GH, I still like Ascend, though not as much as I did when it was $22. The good news is, I am now profitable on my 2/3s position, one bought at $38 and one at $22, approximately. The bad news is, the business still stinks. I have no idea on margins or if there will even be margins, this quarter. But the fact is the company has technology and I still think there will be a major run at them as a takeover candidate any time they dip below $28, so the downside is limited. As the best "anti-Cisco" firm, Ascend would fit nicely with many potential suitors. MB

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