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

To: George T. Santamaria who wrote (20004)	10/30/1997 8:12:00 PM
From: Tim Luke	Read Replies (1) \| Respond to of 61433

ASND'S chart looks like a black diamond ski run in Aspen.

To: George T. Santamaria who wrote (20004)	10/30/1997 8:19:00 PM
From: Andie Wei-Ku Lin	Respond to of 61433

It means that Ascend's management, more specifically, the CEO - Mory Ejabat - has been less than frank with the investment community. He spoke of great expectations in early Q3, only to reveal two weeks later than sales for the first month of the Q were 0.02 versus the expected 0.12. Also, making statements to the effect of not caring about the shareholders...(paraphrase) "I don't run the company to satisfy shareholders"... and other such shenanigans, which are not typical of CEO's of first-tier corporations, of the likes of Cisco, Intel, and Microsoft. It is not just the sufferring individual investor who is being neglected, but also the analyst community. The failure of Ascend's management to communicate in an effective and timely manner with analysts has led to a loss of credibility with institutions. This is all rather vague...so whoever cares to add, please do.

To: George T. Santamaria who wrote (20004)	10/30/1997 10:02:00 PM
From: David Lawrence	Read Replies (1) \| Respond to of 61433

George, I meant that Pairgain's management has been "up front" with the investment community, whereas Ascend's management has not. A portion of Ascend's prior high multiple was based on the perception that there would be no surprises. They have consistently mislead (my opinion) with regard to their status with 56k, and now it has come back to bite them, or rather, their investors. Credibility once lost takes a long time, if ever, to regain.