Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.15

-1.5%

3:59 PM EST

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To: djane who wrote (42753)	4/7/1998 11:57:00 PM
From: Jan Crawley	Read Replies (3) of 61433

Djane, Yes..according to the article you posted, Brandywine is still 40% in cash...maybe they bought more today...most likely the spike we were watching shortly after 1 p.m. (just speculating..) On a more serious note, I think both Capital, Brandywine, and I think Tiger fund must have longer-range objectives for purchasing Asnd. If I remember correctly(from Gary Korn post) that The Capital Group exited Asnd completely around the end of Sep 97; (took a tax loss most likely) and re-positioned a much stronger presence in Asnd. I have to assume that they did their homework well... I think that they are all aiming for $60 by year end or early next year...

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