To: Jeff Jordan who wrote (25479 ) 12/4/1997 8:47:00 AM From: Gary Korn Read Replies (1) | Respond to
(COMTEX) Ascend Communications, Inc. Issues Response to Class Action
Ascend Communications, Inc. Issues Response to Class Action Suit
ALAMEDA, CALIF. (Dec. 4) BUSINESS WIRE -Dec. 4, 1997--Ascend
Communications, Inc. (NASDAQ:ASND) today issued a statement regarding a
class action complaint filed on December 2, 1997 in the United States
District Court for the Central District of California. The complaint
alleges certain violations of the federal securities laws by the
Company and certain of its directors and officers, who are named as
defendants in the suit, arising from alleged misstatements or omissions
by the Company. The suit was filed as a class action on behalf of four
named plaintiffs and others are purportedly similarly situated.
Ascend Communications' President and CEO, Mory Ejabat, stated, "We
believe the allegations in the complaint are completely without merit
and we intend to defend this action vigorously." About Ascend
Communications
Ascend Communications, Inc. develops, manufactures and sells wide area
networking solutions for telecommunications carriers, Internet service
providers and corporate customers worldwide. For more information
about Ascend and its products, please visit the Ascend web site at
www.ascend.com , or e-mail info@ascend.com .
Ascend is headquartered at One Ascend Plaza, 1701 Harbor Bay Parkway,
Alameda, Calif., 94502. Phone (800) ASCEND4; Fax (510) 747-2300.
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CONTACT: Ascend Communications, Inc.
PR
Eric Warren, 510/747-6683
eric.warren@ascend.com
or
Investor Relations
Kristina Graziano, 510/747-2345
kristina.graziano@ascend.com
