Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 204.41

-1.0%

Nov 14 3:59 PM EST

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To: Gary Korn who wrote (32986)	2/3/1998 12:16:00 AM
From: Sure Thing	Read Replies (1) of 61433

Gary, I agree with you about my "favorite" stock statement. I try never to get emotionally tied to a stock. However, ASND did become a favorite of mine when it broke through $25. I have been building a core position. Reasons why I am holding a core position in ASND. * Possible Buy Out. * Ascend has a "Turn Around Story" to tell at conferences. * 2H "Double Digit Sequential Growth" * GX 550 "killer product" * Ashby's comment when asked about increasing Q4 earnings, "What's the point". ( Building Q1 backlog ) * Analyst sentiment has been changed to a "BUY". * Networking sector is down, it will rise. * 1999 upward earnings revisions. * Repricing employee stock options at $24. Reasons why I am trading around my core position. * The CSCO threat. * Market gyrations. * Slow growth 1H. This seems to be the story for Ascend. (IMO) I may not have it completely right, but ASND looks better to me than the other networking stocks. I can make money with this stock. - Sure Thing -

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