Ascend Communications (ASND) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend Communications (ASND)

ASND 210.01

+1.7%

Nov 26 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Daniel W. Koehler who wrote (32098)	3/1/1998 8:02:00 PM
From: Glenn D. Rudolph	Read Replies (1) of 61433

Computer server manufacturers advanced on bullish comments from Merrill Lynch and Morgan Stanley analysts. Merrill analyst Steven Milunovich said spending on servers should increase in 1998 as a result of Year 2000 issues, allaying fears of a slowdown in the second half of the year. Milunovich upgraded Hewlett-Packard (HWP) to an "accumulate" rating from "neutral," sending its shares up 2 to 67, saying he expects earnings growth will accelerate to more than 20 percent in the second half of 1998. Meanwhile, Morgan Stanley reinitiated coverage of H-P with an "outperform" rating. Sun Microsystems (SUNW) rose 11/16 to 47 11/16 after Morgan Stanley restarted coverage with a "strong buy" rating. Morgan said the market has underestimated the power of Sun's UNIX server platform. The firm also started IBM (IBM) with a "neutral" rating, pushing that stock down 5/8 to 104 7/8. Dell (DELL) surged 6 5/8 to 139 7/8, another all-time high, after Lehman Brothers lifted its price target to $156 from $150 a share. Deutsche Morgan Grenfell gave a nod to networking issues, starting Cisco (CSCO), 3Com (COMS), and Bay Networks (BAY) with "buy" ratings. The move jump-started the stocks, as Cisco gained 1 1/2 to 68, 3Com added 9/16 to 35 3/4 and Bay rose 5/8 to 33 15/16.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next