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

To: joshi who wrote (28023)	12/16/1997 4:23:00 PM
From: Gary Korn	Read Replies (1) \| Respond to of 61433

I still cant figure this stock. I languishes behind but is considered a leader. 3COM comes out and cries overinventory and the stock goes up. MICRON misses quarter and is up a buck. ASND DROPS from 50 to 22 in 3 months time with one bad quarter. Go figure cause I cant. Im disgruntaled. Im ready to go postal!! To top it off, ASND earned 20cents/share in the bad quarter. It's not as if it lost 20cents/share. Gary Korn

To: joshi who wrote (28023)	12/16/1997 4:32:00 PM
From: vegetarian	Read Replies (1) \| Respond to of 61433

Possibly because the momentum guys have left it alone (which is good) and is not yet attractive for value investors; will need to wait for a few Q until ASND is able to show earnings growth. COMS has been going up, but I am not very positive on the outlook of COMS after options expiration because it may follow ASND's shoes; ASND had a pop to 35 at expiration from 30 when the warning was given and the it never looked up. So if it is any consolation you will probably see more network stocks (like CSCO) being hit in the future while ASND will consolidate. ASND will probably do well themselves in a years time.