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


To: Glenn D. Rudolph who wrote (27580)12/11/1997 1:39:00 PM
From: Maverick  Read Replies (2) | Respond to of 61433
 
$1.06 - ($0.20 + $0.31 + $0.31) = $0.24 > $0.23 consensus est. COwen has turned slightly bullish for > 1 mo. now.



To: Glenn D. Rudolph who wrote (27580)12/11/1997 1:44:00 PM
From: blankmind  Respond to of 61433
 
from todays wsj interactive - rumors are not dead about asnd

On the telecom-equipment front, Finnish company Oy Nokia Tuesday announced plans to acquire Sunnyvale, Calif.-based Ipsilon Networks Inc., the pioneer of a networking-technology effort called IP switching, for $120 million. Northern Telecom Ltd., another big telecom-equipment company, has been rumored to be interested in Ascend Communications Inc., a maker of networking gear. Market watchers say telecom carriers need more specialized equipment, including networking technology, more than ever before.

Other telecom-equipment and networking firms, including L.M. Ericsson, Lucent, Northern Telecom, 3Com, Siemens AG, Newbridge Networks Corp. and others, have invested in Juniper Networks Inc., a Silicon Valley start-up that has ambitious plans to develop key components for high-speed networking devices in a bid to challenge Cisco.