Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.15

-1.5%

Nov 20 3:59 PM EST

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To: Jack Whitley who wrote (53799)	9/7/1998 4:58:00 AM
From: bucky89	Read Replies (3) of 61433

By the way, I noted on another board that Tim has been right about ASND a lot more than he has been wrong about it. jww Tim said ASND would be down every day this past week. Well, he was 2 for 5--ASND was down on Monday and Wednesday, but was up Tuesday, Thursday, and Friday. I disagree that he is any more accurate than anyone else on day-to-day movements of ASND--his predictions are merely guesses just like the rest of us. But I will give Tim credit that he does seem to have a feel for what the market in general is going to do. He saw the crash on Monday, and he predicted a rally on Tuesday after Labor day and it appears he will be correct on both accounts. But ASND doesn't always move with the market. Regardless of where the market goes from here, I see ASND going up to the 60's by end of October on LU acquisition expectations and very strong earnings for the quarter. I don't think it's a mistake or oversight that AT&T has not yet announced their huge purchases of ASND equipment already made this past quarter. They are loyal to Lucent (AT&T execs still hold lots of LU stock), and when they make the announcement they want to say it's LU equipment. bucky89

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