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

To: jeff wheatley who wrote (22493)	11/10/1997 9:46:00 PM
From: jimmy	Read Replies (4) \| Respond to of 61433

Everyone, ASND has been removed from the favorite list at Briefing Cisco one of two tech stocks mentioned favorably in Morgan Stanley report on impact of Asian crisis on technology companies... Didn't help the stock on Monday, as CSCO fell nearly 2 points... Other big losers included 3Com, Newbridge Networks, Bay Networks and Ascend... The latter company was listed among the firms with greatest exposure to SE Asia, according to Morgan Stanley report... Despite our long-term optimism over ASND's prospects, the likelihood of additional near-term declines due to tax-selling, poor momentum and earnings concerns compels us to (finally) remove the stock from our favorites list. jimmy