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

To: jach who wrote (25809)	12/4/1997 8:45:00 PM
From: WaveSeeker	Read Replies (1) \| Respond to of 61433

I'll take a shot at the morning opening. Several analysts have been quoted having ASND at a fair value of 29. The minimum buyout offer appears to be 35, but there is a possibility of one at 40. At the DMG conference today, Ascend's CEO stated that they will meet their numbers this quarter. 3Com drastically revised their numbers, but Ascend at least will not have to revise for the upcoming quarter. Since a buyout is only a possibility, I don't think that ASND will be bidding 35 tomorrow morning; however, 29 is a minimum. If short sellers have to cover, then I see at least 3 points up from today's close. My prediction for the opening price range is 31-32. - Mark