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

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

ASND 197.33

-5.3%

Nov 5 3:59 PM EST

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To: Narotham Reddy who wrote (1343)	4/13/1998 11:12:00 AM
From: JGoren	Read Replies (1) of 1629

RESEARCH ALERT - Ascend <ASND.O> raised to buy NEW YORK, April 13 (Reuters) - UBS analyst Nikos Theodosopoulos raised his rating for Ascend Communications Inc.<ASND.O> Monday to buy from hold. He said in a report the upgrade was based on "improving visibility in core switching, better outlook on operating margins and stable pricing on RAC market. "Our year-end target is $45, although we believe stock could exceed our target if takeover speculation increases." The company reported first-quarter earnings per share of $0.26 after markets closed Thursday. The results beat UBS' and the consensus estimate of $0.25. Ascend opened Monday down 7/16 at 39-1/2. 09:46 04-13-98

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