Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 206.52

-1.2%

Nov 25 3:59 PM EST

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To: rbarsom who wrote (35312)	2/18/1998 8:22:00 PM
From: Gary Korn	Read Replies (3) of 61433

one of my friends rn a fund that will dump 8 million shares by the end of the month starting Feb 19th, sell this thing and buy something that goes up..... rbarsom, If you are talking about ASND, there is no fund (other than Capital Group Companies, and it only recently purchased its stake of 12.8MM shares)) that owns 8 million shares. The next largest holder after CGC is Oak Associates, which owns 6 million shares (as of 9/30). Their fund manager recently was quoted as saying that he expected to be able to break even on ASND when it got to the mid 40s. He also was positive on the company's prospects vis-a-vis ATM. Common sense tells me that a fund that had accumulated 8 million shares (only 1 exists) would not, now that things finally have turned around and just before the predicted double-digit revenue growth in 2H98, just dump all 8 million by the end of February. Gary Korn

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