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

To: Bald Eagle who wrote (738)	12/11/1997 2:54:00 PM
From: Sector Investor	Read Replies (2) \| Respond to of 1629

Synopsis from Everen - no rating changes or est. revisions. COMMENTS Everen says that ASND stock has rallied recently based on continued comments from management supporting Q4 and 1998 estimates and rumors of a takeover by Lucent Technologies. Everen thinks that although ASND management supports total FY1998 estimates of $1.15, they are expressing a degree of caution regarding Q1. Therefore, Everen remains somewhat cautious using total FY1998 comments as a guidepost of a resumption in previous growth at this time. However, Everen does believe there is some validity behind the rumors of Lucent's interest in Ascend, but that an announcement may be premature. Everen comments that LU is currently restricted from doing a pooling of interest merger until October 1998 and only has $1.3 billion in cash. [poor LU] Everen calculates that given a $35 bid for Ascend, Lucent would have to issue about 90 million shares (14% dilutive to its 650 million shares outstanding). Everen therefore, reiterate comfort with their target prices of $25 and $33 and they would continue to avoid the stock at these levels. *This week's Equity Opportunity - FAMILY GOLF CENTERS, INC. (FGCI - $29 1/2) Rated 1-1.