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


To: Finder who wrote (22327)11/10/1997 1:06:00 PM
From: sea_biscuit  Read Replies (1) | Respond to of 61433
 
Mory really FU__ked up a great company

Don't think so! This is just a case of a momentum stock finally coming to terms with reality...



To: Finder who wrote (22327)11/10/1997 1:11:00 PM
From: Gary Korn  Respond to of 61433
 
Most of the networkers are down. Here is the latest:

ASND+ 23.50 -.63 23.37 b 23.50 a 30x10 26753 13:09 24.75 h 23.06 *COMS+ 37.19 -.94 37.19 b 37.25 a 11x24 50828 13:09 39.44 h 37.00 *CSCO- 82.50 -1.06 82.50 b 82.56 a 19x9 34036 13:09 85.00 h 82.31 *CS- 28.81 +.31 28.69 b 28.87 a120x10 4107 13:08 29.19 h 28.50 *LU- 83.62 +.06 83.62 b 83.69 a 25x10 6088 13:09 84.69 h 83.56 *NN- 45.00 -.56 44.75 b 45.06 a 74x50 5589 13:09 46.94 h 45.00 *NT+ 92.31 +.25 92.12 b 92.31 a 50x9 1641 13:05 93.56 h 92.06 NETG 20.87 -.13 20.75 b 20.94 a 50x5 3000 13:06 21.25 h 20.69 *TLAB 52.12 -1.37 52.00 b 52.12 a 15x10 10979 13:09 54.50 h 52.00 SHVA 10.06 -.13 10.00 b 10.06 a 50x10 3061 13:03 10.44 h 10.00 XIRC+ 10.00 +.13 9.87 b 10.00 a 10x10 1021 13:08 10.12 h 9.87 *XYLN+ 17.50 -.38 17.44 b 17.50 a 10x29 2017 13:08 18.00 h 17.37 *FORE 16.37 -.38 16.31 b 16.37 a 10x50 6936 13:05 17.00 h 16.25 *BAY- 31.06 -1.81 31.00 b 31.12 a 30x50 11111 13:09 33.00 h 31.00



To: Finder who wrote (22327)11/10/1997 1:19:00 PM
From: Chi-X  Respond to of 61433
 
"Mory really FU__ked up a great company."

That's like saying Jack King really screwed up a great company like Zitel (ZITL) as the stock crashed from $70 to its current low teens. Was it really a great company or a great stock? While the company is fine, for years the stock ASND traded way past its future growth level and was trading at its maximum potential based on it's early growth boom. People bid up ASND as if the explosive growth of the Internet would never end. Now ASND is trading back to reality.

KEYWORDS: OVERHYPED, OVERINFLATED, OVERBLOATED, MISLEADING MANAGEMENT & SECTOR FORCASTS, ERROR IN SWITCHES, UGLY STOCK, BAD, BAD, NASTY, MAYDAY MAYDAY, EJECT EJECT, DANGER WILL ROBINSON


Chow,
Chi-X hath Spoken!

"There shall be no wine, before its time."