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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Kevin Kessel who wrote (19760)	10/29/1997 8:05:00 PM
From: Maverick	Respond to of 61433

Market ignoring company's improved fundamental outlook and focusing on recent problems... Not surprising given bearish tone but does create an opportunity... That said, stock now at critical support... Needs to bounce soon... But tax considerations could keep stock from staging strong recovery until some time next year... First resistance at 38-40. From Briefing.com Jeff, I have INTC and others in the portfolio as well.

To: Kevin Kessel who wrote (19760)	10/29/1997 8:14:00 PM
From: Jeff Jordan	Read Replies (1) \| Respond to of 61433

I was into Ascend a month or so ago at 32 and change. Although the recent decline is disheartening, one must see the silver lining. The company is still fundamentally sound. Has NO Long term debt and plenty of cash--over 500million dollars. The recent decline might is a combination of the market as well as the fact that fund managers had to settle up their cap gains taxes. Therefore, when they locked into big profits from other high flyers, they had to sell Ascend to offset their gains. However, I believe a lot of them will inevitabily buy back Ascend in the near term. We should settle somewhere back around 32 in the next few weeks. Kevin Say it ain't so? Wait? you said a company w/ no debt? 5+bil. capitalization a hot growth product? 52 wk low furture earnings of $2 a share? What did I miss? Jeff