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

To: Chi-X who wrote (25621)	12/4/1997 3:35:00 PM
From: AJ Berger	Read Replies (1) \| Respond to of 61433

Avoid ASND, NT buyout is a Counter Rumor ASND will simply meet expectations, and is slated to lose more current system proposals. NT rumor started to get insiders out of ASND before more bad news hits. STAY AWAY !!!

To: Chi-X who wrote (25621)	12/4/1997 3:43:00 PM
From: pass pass	Respond to of 61433

Yo, chix, take this: 15:25 ET ****** ASCEND COMMUNICATIONS (ASND) 27 +3 3/8. Among the ten most active stocks trading on the Nasdaq, this maker of networking access products is on the move this afternoon on very little news. While the stock has given back some of the price gains it had posted earlier in the session, the price run-up seems to be partly short-covering related. The stock has been on a decisive downtrend since August when it traded around $55 a share. But this was before the company started to miss earnings estimates as Ascend has been hurt by the consolidation taking place in the Internet service access provider arena which has led to lower demand for its products. Subsequently, the stock has languished in the mid-$20s area for the past month on concerns that the problems in Asia would only depress sales and earnings further. But, with today's upward move, there seems to be more than just short covering driving the stock higher. Estimates for the current quarter call for ASND to earn $0.23 a share, versus year-ago net of $0.32, and a profit of $0.20 a share in the 3Q. Given projections for a profit of $1.16 a share in 1998, the stock currently trades at a forward multiple of 23.