Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 203.85

-3.4%

2:06 PM EST

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To: djane who wrote (47522)	5/27/1998 12:38:00 AM
From: djane	Read Replies (1) of 61433

briefing.com on XYLN/ALA connection Computer Networking Brief: No big news driving sector in Tuesday's lightly traded session... Cisco Systems fell victim to a bout of profit-taking, as did Xylan... Former fell despite news that Cowen reiterated its strong buy rating... Latter's retreat more alarming, however, as stock has fallen more than 20% in past couple of weeks... We were also concerned by fact that several big blocks crossed yesterday on the downside... Stock's weakness made puzzling by fact that company posted positive results in its most recent quarter... There are some concerns on the street over heavy dependance on Alcatel and IBM for revenues (combined for nearly 42% of total sales).

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