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

To: Chi-X who wrote (22410)	11/10/1997 5:38:00 PM
From: Captain James T. Kirk	Read Replies (2) \| Respond to of 61433

#1, if the standard selected is that of asnd's, well then no damage done, so until it is determined, it is not substantiated. #2 shear speculation, dwarfs more likely to get gobbled up, so the price will jump. #3 poor growth ? Not really, just less than expected, but inline or better than others, and if ISP continues growth, sale should increase and become better than expected: Woldcom/MCI, step one. #4 All downgrades short term, for last quater. Been there, done that too. Next ?

To: Chi-X who wrote (22410)	11/10/1997 5:44:00 PM
From: Jeff Mills	Read Replies (1) \| Respond to of 61433

Mills Sets New Price Target. I called ASND to $26« when it was $40. Then I called for $21« (or $4 billion marketcap level). Well, my new price target is $16«, or 2« times sales before it is all said and done. COMS right now trades at 1.92 sales, and COMS is 100x the company ASND will ever be. Based on the intraday, the heaviest volume came at the close. PEOPLE STILL WANT THE HELL OUT OF THIS STOCK.

To: Chi-X who wrote (22410)	11/10/1997 7:09:00 PM
From: sepku	Read Replies (1) \| Respond to of 61433

>>>1) No 56k standard established. ISP's fear buying modems that will be outdated when a true standard is released.<<< This affects all parties involved, negatively. Witness COMS and its modems piling up. >>>2) Go with CSCO or COMS; two companies that are more likely to be around 10 years from now with huge revenues that dwarf ASND.<<< Revenues mean nothing. The growth of revenues and resulting growth in earnings mean everything. CSCO is fat and bloated, there is minimal upside. I was right there would be a gradual sell-off following a pop after earnings last week. Dumping at 85 1/8, near the top appears prudent. COMS is having its own turn at the lashing pit...at a recent all-analyst conference, Eric B. is echoing ASND's recent forward vision with the expectation that long-term outlook is good, but short-term will be bumpy. Looks like April all over again. >>>3) Management warnings of poor growth next 2 quarters and finally 10% growth in last half of 98.<<< I don't recall the word "poor" being mentioned by management, correct me if I'm wrong. 40% growth next year sounds good to me...if you're a long-term investor. If you are trading, then who gives a damn about growth? Volatility, liquidity, and spreads matter -- little else. >>>4) Around 10 or so downgrades last month.<<< Good...we have most of all potential future downgrades out of the way, which leaves room for upgrades. >>>7) ASND making new 2 year lows daily.<<< A good buy gets better. Begin accumulation in pieces over time, nobody can call the exact bottom. Averaging out patiently will sniff it out pretty close, though. Mark this day on your calender and note the closing prices of ASND and CSCO. I guarantee you that ASND will earn, at minimum, 2.5 times CSCO's % returns from today's prices, 12 months from now. Style Pts.