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

To: Tim Luke who wrote (28051)	12/16/1997 10:20:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 61433

ASND will only move on rumors or facts (as in new owners) if you guys are waiting for earnings to move the stock higher (3 or more points) you better not hold your breath. You might as well forget about earnings even if they meet the number it won't help the stock. Everyone jumped on the stock thanks to Maria and now look at it. So to sum it all up get use to the below 30# earnings or not and pray for LU or someone to step up and buy the company. Tim, Your position is that fundamentals will not move ASND. It seems to me that the fundamentals command a price of 35 to 40 if they only meet projections. Glenn