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

To: HammerHead who wrote (20757)	11/3/1997 4:55:00 PM
From: Scott	Read Replies (2) \| Respond to of 61433

Smith Barney reiterates buy target $47 --12 to 18 mths

To: HammerHead who wrote (20757)	11/3/1997 4:58:00 PM
From: Narotham Reddy	Read Replies (1) \| Respond to of 61433

Ascend is ''off to a better start this quarter than last.'' This is the last part of the news [Makes you feel a little better] Schneider said Ascend likely will have to reduce the list price of its access concentrators -- telecommunication devices for online services that accept calls from customers' modems -- between 20 to 30 percent in the first half of 1998, amid more competition from rivals such as Cisco Systems Inc (CSCO), 3Com Corp (COMS) and Bay Networks Inc (BAY). He also said the wave of acquisitions of Internet service providers by phone companies is making demand less predictable domestically. ''I see the company saying that their long-term prospects are good, and their short-term prospects are unpredictable,'' said William Rabin, analyst at JP Morgan who attended the Ascend presentation. In the third quarter, Ascend reported revenue and earnings that were well below what Wall Street was expecting. Ascend had particularly slow sales in July, the first month of that quarter. Schneider said Ascend is ''off to a better start this quarter than last.''