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

To: Moenar who wrote (20382)	11/1/1997 1:41:00 PM
From: mark alan rosenberg	Respond to of 61433

Utendahl is the largest black-owned investment bank in the U.S. It is 20% owned my Merrell Lynch, and has consulting ties with CS Boston. I just found this out on the Net Search/Internet.

To: Moenar who wrote (20382)	11/1/1997 1:41:00 PM
From: uu	Read Replies (3) \| Respond to of 61433

Regarding UTENDAHL CAPITL brokerage house/analyst/whatever (!) changing recommendation from Hold to Strong buy: I really wished they had not done that! This is how I think of analyst's recommendations: Strong Buy: We have a couple of big shot clients who really really badly want to get out of this stock! Hold/MarketPerform:: We have a couple of hot shot clients who want to get their hands on this stock but are not in a rush to do so. Underperform/Sell: Our big shot clients want to get their hands on this stock Now, and we mean NOW! It is just amazing that the latest upgrade to a strong buy comes from the same people who had the stock at hold when they had a higher earnings estimate for the company, and then change that to a strong buy while reducing their estimates! Regards, Addi Jamshidi