Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 204.41

-1.0%

Nov 14 3:59 PM EST

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To: Mike Farrar who wrote (43449)	4/9/1998 6:34:00 PM
From: Dennis R. Duke	Read Replies (1) of 61433

The glass is either half empty or half full. Joe said the stock was initially $1 and change earlier than the chart showed, and that it had run to $80, and that it is up about 60% this year-to-date at about $40 after being beaten down to $22 on concerns about the CSCC and ASND merger. BTW, he also called CSCC and ASND great companies be themselves. Now in this market of excess cash in the market, with Yahoo north of $110 on 8 cents in earnings, and a company saying it sees strong demand, don't you think the the likely effect is that the market should be pushing it back to the higher end of the scale? My call is the glass is half full. You can call empty if you want. Just my thoughts, Dennis CC write-up time...

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