Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 211.05

-0.7%

Dec 1 3:59 PM EST

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To: The Phoenix who wrote (51158)	8/1/1998 10:19:00 AM
From: JGoren	Read Replies (2) of 61433

Having initially gotten my first shares in ASND via the Cascade merger I have to think part of Friday's debacle was due to the fact that ASND was just getting over the merger integration problems and the street is concerned that another merger would dunk the stock. This is aside from what apparently are questions regarding the fit of Ascend with Stratus. IMHO $7.00 immediate decline was unwarranted reaction; there was an awful lot of puts, and Monday should show a correction. However, the market short term presently punishes companies which do not maintain the level of earnings growth or about which there is the slightest question. Regardless of the near term impact, management has to do what it thinks is best for its business development long term and forget how the street views the situation. In response to some posts questioning the motove, I do not believe that management would merge with a company merely to make it "unattractive" as buy out candidate. Monday will certainly be interesting.

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