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

To: hpeace who wrote (24539)	11/24/1997 2:37:00 PM
From: troy halle	Respond to of 61433

Maybe ASND could get one of these? Notice he says he views the networking sector outlook is the best it has been all year. NEW YORK, Nov 24 (Reuters) - BankAmerica Robertson Stephens said it raised its rating on Bay Networks Inc to buy from long-term attractive, and also raised it share earnings estimates. The 1998 earnings estimate went to $1.11 per share from $1.06. For 1999 it went to $1.65 from $1.50. The Robertson Stephens analyst believes that the outlook for the networking industry is the strongest it has been all year. The LAN switching segment is the largest and fastest-growing segment within the networking industry, and the outlook remains robust. Bay Networks has increased its overall share of the LAN switching market to 13 percent, up from eight percent three quarters ago. The company has reported strong business momentum, and has a relatively high probability of exceeding expectations. The stock has dropped more than 30 percent in the past six weeks. Bay Networks was up 15/16 at 30 in afternoon trading. REUTERS 13:17 11-24-97