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

To: John Meares who wrote (20833)11/3/1997 8:30:00 PM
From: Peter Yang  Respond to of 61433
 
From briefing:

Smith Barney reiterated its buy ratings on 3Com and Ascend, with 12 to 18-month price targets of 73 and 47, respectively... Separately, ASND announced that it sees 10% sequential growth over the next several quarters... Expects price cuts in concentrators of 20%-30%.

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.



To: John Meares who wrote (20833)11/4/1997 2:43:00 AM
From: Russel W. Kennel  Read Replies (2) | Respond to of 61433
 
Right; and if you want to see where ASND may be going, take a look at SHVA, which also used to be a wall street networking darling which had a reversal of earnings growth.


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