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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (19153)	8/5/1998 6:13:00 AM
From: George Mc Geary	Read Replies (2) of 50167

IQ , More on your beloved ASND from yesterday 8/4/98. Ascend Communications (ASND) 49 1/2 +2 11/16: Volpe Brown initiates coverage of wide area networking solutions provider with "buy" rating and a $64 a share price target..... Ascend Communications (ASND) 49 +2 3/16: --UPDATE-- DLJ reiterates "buy" rating and raises estimates on wide area networking solutions provider following decision to acquire Stratus Computer; raises FY99 EPS from $1.60 to $1.62 a share and has a price target of $64..... Ascend Communications (ASND) 47 5/8 +13/16: --UPDATE-- SG Cowen raises earnings estimates and price target on wide area networking solutions provider after company announces deal to acquire Stratus Computer; raises price target from $55 to $60; maintains "strong buy" and adjusts FY98 EPS from $1.21 to $1.20 a share and raises FY99 from $1.62 to $1.72 a share..... Held up well in a 300 point drop, up 7/8 at 47.6875. What will happen with ASND when this market starts back up, ? Could break the old 55 level. George

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