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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: The Phoenix who wrote (56269)10/21/1998 12:57:00 AM
From: Pat Hughes  Read Replies (2) of 61433
 
Gary,
I think the build out of the Next Generation Network may have come a bit too soon for many of these CLECs. But the amount of theses loans is inconsequential.

Mory should have just made a big Bonfire outside headquarters and burned 8,700,000 in cold hard cash. Maybe Jim Cramer and those downgrading analysts would have understood that. Ascend would still have 991,300,000.00 left.
Its just not a big deal to me.
In my business it would be like letting a good customer run a tab -
NO BIGGIE!
Good Luck,
Still Long
Pat Hughes
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