Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.01

+1.7%

Nov 26 3:59 PM EST

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To: Jack Whitley who wrote (55161)	10/4/1998 10:49:00 AM
From: The Phoenix	Read Replies (1) of 61433

Jack, No one is buying anyone is this market. LU's pooling, when their stock price is 40% off their highs, does them no good. They will not use stock to purchase anyone right now. INTC might, but ASND is not a target. ALA, ERICY might but again too much uncertainty. ASND will be going it alone for the forseeable future. Speculative money is leaving which is why ASND is taking it on the chin. We should settle in the high 30's/low 40's and earnings should take us back to 45+ <crossing my fingers>. OG

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