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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: Christopher Reed who wrote (57539)11/26/1998 3:16:00 PM
From: Doug  Read Replies (1) of 61433
 
C.R: Many on the NN board claim that the Chinapost contract is massive
and the cause of the +$4 jump in price. As a yardstick, NTL's recent Contract win for a Wireless Backbone linking a few provinces in China only amounted to $125m.

The Toronto Paper has a much lower figure for NN's contract.
See:http://biz.yahoo.com/rf/981125/ba3.html

Since ASND is reported to be a part Supplier, I was surprised that ASND had no price increase when it broke the news on the CHINAPOST contract.

Could it be that the NN's share is so massive and ASND so little that ASND did not merit any pop in price.

Thanks.
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