Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.01

+1.7%

Nov 26 3:59 PM EST

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To: gbh who wrote (46400)	5/8/1998 11:31:00 PM
From: djane	Read Replies (1) of 61433

Upside.com on today's rise. On the Rise Ascend Communications made good on its name Friday, rising 3 1/16 to close at 45 1/4. The upward move came after upgrades from both Donaldson Lufkin & Jenrette, and Cowen & Co. The last time Ascend traded in the 40s was September 1997, when it began its descent to the mid-20s. However, beginning in early January, the networking firm began a reasonably steady ascent (pun intended) that has brought it to current levels. One of Friday's most actively traded issues, 9.2 million Ascend shares moved across the table by market's close. Ascend posted profits of $52.3 million, or 26 cents per share, in Q1 98, and is expected to earn 27 cents per share for Q2. upside.com

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