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Strategies & Market Trends : APMP (formerly APM)

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To: WTMHouston who wrote (10458)	3/25/1998 2:19:00 PM
From: Wall Street Jr	Read Replies (1) of 13456

*1 STOCK 1 WEEK* ASND short close 03/25/98. Mar 24, 1998 (6:22 PM ET) - The Motley Fool Evening News Ascend Communications (Nasdaq:ASND - news) 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. Good story but if the market corrects, this will be a winner. I'll second the market. NAZ kicking butt for last 2 days and should take a breather. Hopefully the next two days so I'll win again. :o)

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