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Technology Stocks : Ascend Communications (ASND)
ASND 212.29-2.2%Nov 19 3:59 PM EST
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To: dykerted who wrote (56236)10/20/1998 3:47:00 PM
From: Immi  Read Replies (2) of 61433
 
from the cnnfn interview:

DEFTERIOS: We had a couple of
houses downgrade the stock today on
Wall Street, but by and large, more
favor the company. How do you
respond to the fact that they have
concerns about revenue going
forward? They are not being realistic
in your view then?

EJABAT: That's correct. We have
about 30 analyst covering Ascend and
out of those 30 about two of them...
either put us on hold or downgraded
us, and that is a misunderstanding of
those firms. They don't understand the
technology, they don't understand the
industry, and that is why they
downgraded the stock. We are in a
very great position in respect to the
next-generation networks. We are the
only company at this point that can
provide that type of technology on
products for our customers.
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