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

To: Gary Korn who wrote (20481)	11/2/1997 11:00:00 AM
From: Jeff Jordan	Read Replies (2) \| Respond to of 61433

The entire networking sector is down substantially from its highs. A rebound in the sector should be the most important factor in COMS stock price over the next few weeks. Here is a post from Briefing.com: Computer Networking Brief: Networkers feeling pinch due to events in Asia, but group's small exposure to the region suggest that the selling is overdone... Nonetheless, until market tone improves there is no reason to play the hero and try to pick the bottom... 3Com and Ascend hit the hardest by Thursday's selling... Cisco still looking relatively strong. Components:Ascend Communications (ASND), Bay Networks (BAY), Cabletron Systems (CS), Cisco Systems (CSCO), Fore Systems (FORE), Newbridge Networks (NN), Shiva Corp. (SHVA), ThreeCom Corp (COMS), Vanstar Corp. (VST), Xircom (XIRC) Our Favorites: ASND 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. CS Stock broke to low end of trading range... But risk/reward ratio very promising given deflated valuations... Stock now at 13.8x estimated earnings... Resistances are at 35 and 42. CSCO Group leader finally succumbed to selling pressure... But stock still above important support at 70, albeit barely... Though valuations remain a bit high, strong product cycle and industry dominance bode well... Core holding should be on top of bargain list once the time comes to buy... Target still 86-90.

To: Gary Korn who wrote (20481)	11/2/1997 11:07:00 AM
From: Tim Luke	Read Replies (1) \| Respond to of 61433

Maybe we will get a bidding war going between COMS and LU.

To: Gary Korn who wrote (20481)	11/2/1997 11:35:00 AM
From: Larry J.	Read Replies (2) \| Respond to of 61433

Gary, It seems as though most of the recent mergers within the networking industry have not been all that positive for the participants (and shareholders). The uncertainty swirling around the tactical issues of combining two or more cultures seems to really put a drag on the share prices of both. Look @ COMS/USRX, SYNOPTICS/WELLFLEET (BAY), ASND/CSCC, and ALANTEC/FORE. ASND is still in the process of assimilating CSCC, and I think a merger here w COMS/USRX/ after the initial "shot in the arm" would result in mass confusion over the short to intermediate term. I would prefer to give time a chance and let ASND/CSCC exploit the opportunities before them as is. I'd much prefer ASND's share price to rise on fundamentals rather than on rumor and speculation. You'd think that ASND was on the verge of bankruptcy, not just coming off a lousy quarter with the constant talk of a need for a buyout to improve their / our fortunes. For my .02, I say stay independent. Have a good day. Larry