Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.55

+1.2%

12:59 PM EST

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To: djane who wrote (54405)	9/18/1998 1:29:00 AM
From: djane	of 61433

BusinessWeek. NORTEL: CROSSED SIGNALS businessweek.com@@cIgSRWQASwEOKwAA/premium/39/b3597083.htm Northern Telecom investors, already antsy about the $8.4 billion purchase of network-gear maker Bay Networks, took the news of coming layoffs badly. On Sept. 15, Nortel confirmed that it plans to slash 4% of its workforce worldwide and take a still unspecified third-quarter charge. The stock fell 2 1/2, to 43 3/4, on the news. Investors fear the cuts are a sign of dimmer growth prospects. But Nortel says it must ''resize'' to pursue growth in broadband, wireless, and other emerging technologies. EDITED BY KELLEY HOLLAND

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