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Technology Stocks : Ascend Communications (ASND)
ASND 212.55+1.2%Nov 28 12:59 PM EST

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To: Tiffany Trump who wrote (41883)4/1/1998 10:09:00 PM
From: Sector Investor  Read Replies (1) of 61433
 
Welcome Tiffany! I look forward to your posts!

Well, I just got home and plowed through today's posts (very busy day)

Three assaults on $39 in the last 40 minutes, the last near the end. $39 should fall early tomorrow, IMO.

I see noone posted the comments from Cowen and J.P. Morgan, so I will synopsize later on the News Only thread.

The real short version is this:

Cowen: PSINET contract is believed to deploy the new voice features announced this week - valuation at $15M+ - part in Q1, rest by the end of Q3 - business should continue to accelerate in 2H98, Europe gearing for deregulation, Latin America beginning to deploy ATM.
Short term target $37 (Ha!)

J.P. Morgan: Est PSINET contract $15M-$20M recognised in Q2 and Q3.
European deployment is a key positive as it shows 56K SW issues are behind us - just the beginning of strong demand in Europe - looking for ASND to report $0.26, driven by strong ATM and F/R sales - 12 month target $55

More later.
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