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Technology Stocks : Ascend Communications (ASND)

ASND 217.17

+0.3%

Nov 18 3:59 PM EST

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To: Mighty Mizzou who wrote (51483)	8/3/1998 9:09:00 PM
From: Mighty Mizzou	Read Replies (2) of 61433

- OT (kinda) - This is a first I believe... This from CBS Market Snapshot: Cisco Systems (CSCO) gained 3/4 to 96 1/2. Prudential Securities analyst Luke T. Szymczak instituted a "strong buy" rating on the shares, citing continued strong demand in its corporate customer segment, robust European business, and good demand for its new products. Szymczak's 12-month price target is $108. Q: How in $#@'s name can anybody give a "strong buy" to a company exactly 24 hours before earnings are announced? How in the heck does he know sales are strong? Is this the ultimate hedge or what? I know this is Cisco and he probably is right but to go out and say this right before earnings is, I believe, unprecedented from a major house. Comments?

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