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Technology Stocks : Ascend Communications (ASND)
ASND 205.50-1.5%Dec 5 9:30 AM EST
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To: Glenn D. Rudolph who wrote (38240)3/7/1998 1:12:00 PM
From: gbh  Read Replies (1) of 61433
 
Glenn, I would be very surprised to see CPQ at 27 on Monday afternoon. I think the current pricing of the stock represents Lucy Painter's recent downgrade (to about .32 from .36 if i remember correctly). This occurred just a few days ago after she supposedly was briefed by management. Now they say break even. This raises the whole credibility issue, of which we who follow ASND are very familiar. Look for CPQ to lose another 8-10% Monday and then languish for awhile, perhaps a long while.
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