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

To: Gary Korn who wrote (29686)	1/8/1998 9:10:00 AM
From: john p. carney	Read Replies (1) \| Respond to of 61433

exchange2000.com

To: Gary Korn who wrote (29686)	1/8/1998 9:12:00 AM
From: Jeff Jordan	Respond to of 61433

By Scott Bomboy, ZD Inter@ctive Investor January 8, 1998 7:23am Inter@ctive Week Online Look for another rocky start for Wall Street and tech stocks on news that Southeast Asia was rocked by another sell off last night. Stocks to watch include AT&T, Seagate and Amazon.com. I have Puts in AMZN...Their web site was offline 12 hrs yesterday!! What timing?<vbg> It doesn't look like a great open for Ascend but give it time....MM's may want to kick in a few stops first? Build the shorts confidence...then bammmmLOSERS! Jeff

To: Gary Korn who wrote (29686)	1/8/1998 9:26:00 AM
From: Sector Investor	Read Replies (1) \| Respond to of 61433

OK. Here is what's out there now from MS: Highlights from company presentations at Morgan Stanley's Annual Software & Networking Conference, in Scottsdale, Arizona. Ascend Communications (ASND, $28, Outperform, $45 price target) MS says that ASND appears comfortable with consensus revenue estimates of $288 million for 4Q/97. Asia is expected to decline to roughly 12% of sales in 4Q/97 from about 25% a year ago while revenue from Europe is expected to increase sequentially. For 1998, management expects flat Asia revenue. MS says that ASND expects a slight sequential revenue increase in 1Q/98 due to strong domestic growth. For fiscal 1998, management expects revenue growth of 15-20% driven by its core switching and GRF business. Per MS, ASND management expects to introduce its new high density access concentrator in 1H/98. The list price for the new product could be up to 20% less than current prices. MS says that they are optimistic about this product introduction because it does not require significant software changes. RE Williams, MS says ASND expects to begin shipments in 1Q/98 of its recently introduced CX 550 ATM switch with OC-48 capability under a $150 million contract. MS adds that ASND's products are currently in trials with several carriers for voice and facsimile over IP network applications. Other product development efforts include ATM to SONET connectivity and SS7 signaling capabilities. MS says that ASND plans to consolidate its enterprise products (Pipeline and video) into a new Enterprise Access division to be headquartered in New Jersey. Per MS, ASND expects circuit switched, TDM, and packet/cell networks to converge towards IP dominant transport networks with ATM switching fabrics tied to SONET networks. [That's all folks. Pales to Gary's feedback doesn't it?]