Ascend Communications-News Only!!! (ASND) Message Board

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Technology Stocks : Ascend Communications-News Only!!! (ASND)

ASND 199.22

+1.0%

3:59 PM EST

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To: Thomas M. who wrote (1337)	4/1/1998 11:04:00 PM
From: Sector Investor	Read Replies (1) of 1629

Synopsis of Cowen Report: ASND wins deployment from PSI to include voice capability. Trading buy retained. Cowen says that ASND is a dominant player in the Internet Access concentrator and it has a strong position in the ATM and F/R markets. They will be one of the most significant infrastructure suppliers for the "explosion in spending" on next generation carrier voice and data networks. Access concentrator and F/R markets poised to grow 10-20% annually. ATM switch market is exploding and CBX500 and GX550 are making "significant" deployments in carrier backbones. Current recommendation is Trading Buy-2 with a $37 target. They will review the target price after Q1 report. PSINET contract is 50K ports for TNT. They believe that they will deploy the new ASND voice features. Total contract value is $15M+, including the voice cards and SW. A small amount will be deployed in Q1, with the remainder by the end of Q3. With continued improvements in product quality and new TNT SW features shipping, ASND's prospects "keep getting better." With GX550 core ATM switch, the CBX500 backbone switch and the TNT, the company is involved in more large deals than ever before at some of the largest carriers like WCOM, AT&T, Williams and GTE. Business should continue to accelerate in the 2nd half of 1998, as Europe "gears up for continued telecom deregulation", Japan "hopefully" makes a comeback, and service providers in Latin America begin to deploy ATM backbones.

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