Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 216.57

+5.9%

Nov 17 3:59 PM EST

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To: djane who wrote (45871)	5/1/1998 6:08:00 PM
From: Kenneth E. Phillipps	Read Replies (4) of 61433

IBD reports Leading Mutual Funds Selling ASND At page B3 of today's Investors Business Daily, there is a report on where leading mutual funds are lightening up. The report says 41 leading funds (rated A+,A, & A-) sold ASND and 13 leading funds bought ASND and the net number of leading funds selling ASND was 13 for the reporting period. The reporting period was not specified. The article states: "Ascend Communications, Inc., a star in 95 and 96, continues to be under selling pressure by the top funds. the networking firms earnings were down 16% in the first quarter and should be off 13% in the second quarter."

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