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

To: T. Lund who wrote (19935)	10/30/1997 4:03:00 PM
From: Gary Korn	Read Replies (3) \| Respond to of 61433

At today's closing price of about 26 3/8, the market cap of ASND has now fallen below $5B (26 3/8 times 189MM shares = $4.98B). The company is now selling at just 4 times 1997 sales ($1.2B). Gary Korn

To: T. Lund who wrote (19935)	10/30/1997 4:08:00 PM
From: Tim Luke	Respond to of 61433

<based on what do you make your predictions?> Volume and Momentum, when this is all over with (Hong Kong) the networkers will turn fast. ASND is a momentum stock with the volume to make the tide turn. I like I have been saying you can forget about seeing 40 (SI-STLYE) for quite a while. But this can't go on for ever and like I said when the troubles are over in the market (2-3 weeks) asnd will head up. The volume is the key hereand at this price it is a bargain for a short term (2 month) trade. BTW- This is a piss poor management team and that will seal its fate in the long run. I'm playing this for a 4-6 week play and I'm out.