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

To: gregory murphy who wrote (21164)	11/4/1997 8:22:00 PM
From: Nick Tingle	Read Replies (6) \| Respond to of 61433

From TSC, on the AEA conference in San Diego: There were some bad stories to be heard. An unusually glum Ascend (ASND:Nasdaq) CEO Mory Ejabat met with group of about 20 investors crowded into a meeting room as he admitted that important products like the MAX TNT remote modem with 56k add-ons were still not shipping in volume in Europe. He even had a sheepish and weird explanation for selling some of his own ASND stock: "You cannot have all of the eggs in one basket," he said. "Even Bob Dole needs to diversify now that he's retired." One Merrill Lynch fund manager, who (big surprise) asked not to be named, got detailed answers to detailed questions and still left the meeting shaking his head. "Things are not good," he said. "Things are not good."