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Technology Stocks : Newbridge Networks

NN 16.41

-1.8%

3:59 PM EST

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To: OrionX who wrote (3879)	3/24/1998 10:07:00 PM
From: Thomas Scharf	Read Replies (1) of 18016

Found this about ATM sales for ASND on the Motley Fool Evening News. It bodes well for NN too if you read between the lines. Ascend Communications (Nasdaq: ASND) gained $1 7/8 to $34 13/16 after Cowen & Co. raised its rating on the datacom equipment maker to "trading buy." According to Cowen, the company's quarter is "tracking to expectations" on the back of strong asynchronous transfer mode (ATM) backbone deployments and good North American demand for dial-up access concentrators. Cowen also believes Ascend will be introducing its Max 6000 concentrator, voice support for the Max TNT, and "one or more" new customer wins announced in coming days.

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