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

To: hitesh puri who wrote (29653)	1/8/1998 12:02:00 AM
From: pass pass	Respond to of 61433

All, latest news report/rumor from San Franscisco Business News: COMPANY TO WATCH San Fransisco Business Times, Wednesday, January 07, 1998 at 20:31 Ascend Communications After rocketing to prominence in the networking world and giving its shareholders incredible returns in 1995 and 1996, Ascend hit the wall in 1997. Its stock dropped from $80 a share into the low $20s before rebounding in December on merger rumors. Ascend's CEO Mory Ejabat and his team want to maintain Ascend's independence. But to be a player in the networking major leagues and compete with Cisco Systems, 3Com and Bay Networks, Alameda-based Ascend may not have the critical mass. Don't be surprised if Lucent Technologies or Northern Telecom makes a run at Ascend early in 1998.