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

To: Tim Luke who wrote (27234)	12/9/1997 2:54:00 PM
From: Paul Bush	Read Replies (1) \| Respond to of 61433

2 reasons 1) CEO said they would make earnings (which is the major contributing factor) this took away the worries that they would preannounce a dissapointment. 2) Modem Standard is looking like it will be finalized soon. I admit the rumor gave it a boost, but I beleive that ship has sailed. The reason it isn't sellling off is because they have more visibility about earnings. This could all change in a general market donwturn which could very well happen. Just my opinion.

To: Tim Luke who wrote (27234)	12/9/1997 3:23:00 PM
From: Captain James T. Kirk	Respond to of 61433

Looks Like Pair is ripe for the pickings. Recent upgrade an $40. 12 month target. Much more in a favorable light that asnd at the moment. Just wait till next week when the rumor is totally dead.

To: Tim Luke who wrote (27234)	12/9/1997 3:54:00 PM
From: Sector Investor	Read Replies (1) \| Respond to of 61433

<<If what you say is true (fundamentals not rumors) then how come before the rumor asnd was: A. Low volume B. Trading below 25 After the Rumor: A. High volume B. Trading over 25>> Tim, you are missing the fact that when ASND said they were comfortable with Q4 the SECOND time, it is with two months of the quarter already "in the bag". Analysts that were skeptical before would tend to be convinced now. Remember Joel Noel's comment that "lots of people realized ASND was not going bancrupt". That day we turned a corner.