Ascend Communications (ASND) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend Communications (ASND)

ASND 205.50

-1.5%

Dec 5 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mighty Mizzou who wrote (50691)	7/30/1998 12:03:00 AM
From: djane	Read Replies (4) of 61433

Mr. Mizzou, I thought I answered that ASND has declined in step with the general market, CSCO, LU, etc. although today's downward action was magnified by the SRA rumor. As Cramer said today on squawk box, he heard that GTE's willingness to sell itself ("merger of equals" with Bell Atlantic) for such a low price had caused people to question the valuations in the telecom industry and hence the recent selloff. Cramer said he disagreed with this theory, he's still long WCOM/LU and thought the GTE situation was company specific. As many commentators have noted, CSCO, LU, WCOM, etc. had a nice recent run and profit-taking in the summer would be expected especially given the market weakness. I would love to hear alternative theories for ASND's recent decline.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next