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

To: mark alan rosenberg who wrote (21036)	11/4/1997 2:24:00 PM
From: James A. Shankland	Respond to of 61433

I talked to an Ascend PR person today. The statement of 10% q-q sequential growth was NEVER uttered in San Diego. I'm not surprised. The Company is comfortable with the Wall Street estimates for next q, 23 cents, and $1.18/share for 1998 with $1.4 billion revs- 25%-28% revs increase over trailing 12 mos. This, combined with the somewhat uncertain profit picture, tells me the stock is fairly valued somewhere in the 20's. Much depends on the assessment of the competitive pressure in the RAS market in 1998, and on whether the company has lost its penchant for being "comfortable" with overly optimistic predictions. A takeover or merger still seems likely to me, and would of course command a premium over these valuations. At the moment, I can't say I'm unhappy to have gotten out yesterday at 27; but I may re-enter in the next few days or weeks if the price drops a bit more.

To: mark alan rosenberg who wrote (21036)	11/4/1997 5:02:00 PM
From: Chi-X	Read Replies (2) \| Respond to of 61433

Mark, looks like ASND's PR person was pulling your leg when they said "the statement of 10% q-q sequential growth was NEVER uttered in San Diego". Hers's the Reuters article from yesterday: "We feel good about our long-term prospects, but we're going to see several quarters where growth will be 10 percent quarter or quarter, a little more or little less," Bernie Schneider, Ascend treasurer, told investors at the American Electronics Association conference in San Diego. biz.yahoo.com Cheers, Chi-X hath Spoken! "There shall be no wine, before its time."