Hi, Gary, I am not happy to see the drop of ASND today, unfair treatment by the irrational market and short term emotions.
But IAM VERY HAPPY FOR YOU that this enabled you to get some well deserved ASND shares at bargain. That also means ASND shares changed from WEAK HANDS TO STRONG HANDS.
I don't care what LU does, ASND fundamentals are improving greatly. They will do well by themselves, it may be a struggle, but they will win big.
There is no comparison to CIEN situation. CIEN has 96 % revenue from 2 customers.48% each. One -WCOM stopped buying in february, other one SPRINT got a big discount. The third potential buyer ATT chose LU. It is a pathetic situation to be in.
ASND has diversified list of customers, only one customer with greater than 10% i.e WCOM AND IT HAS NO motherly ties to LU (unlike ATT/LU). (Iam sure that has a lot do with what happened to CIEN.) I think if ATT picks the vendors based on their self interest, they may become a DINOSAUER and go in the history books with inferior technology and inferior service, (this is Joe Nacchio's prediction from QWST).
ASND booasts a big list of TELCOs testing their equipment, especially the future STAR companies likes of QWST, WCOM, LCI, MCI, WILLIAMS, SEVERAL SMALL TO MEDIUM CLECS, PSI NET, DBN, SOUTHNET, NTT, DT, FRANCE TELECOM AND SO ON....even ATT is deploying their ATM multiservice network and testing core switches.
I am not worried about the CIEN type of situation.
Good luck GARY, keep the shares at least through DEC, merger or not ASND will blow the socks off and hit the TAR off the baseball next two quarters.
Regards,
BR |
