Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 208.52

-0.3%

12:03 PM EST

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To: peacelover who wrote (37383)	3/3/1998 10:08:00 PM
From: Gary Korn	Read Replies (3) of 61433

It is funny that once this stock starts sliding, it seems no amount of good news helps it recover immediately as the other stocks. Peacelover, Thanks for your post. I wouldn't worry so much about ASND. As I was stating back in early February, ASND should be expected to idle for a time before it becomes clear that 2H98 really will show sequential double-digit revenue growth. We are up 38.3% for the year, an excellent run, and the highest of any networking stock with a share price that started the year over 20. (XYLN started at 15 1/8). Give it time for the earnings to justify the runup. I do think MM manipulation is beginning to take over thru expiration, which tends to make the stock rather boring for a few weeks. Maybe we lose a point, maybe we gain a point, but I think we end on March 20 at about 35. It is April expiration that should be interesting, because it occurs on April 17, the day after ASND releases its 2Q98 earnings. Gary Korn

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