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

To: Tim Luke who wrote (33608)	2/5/1998 11:07:00 PM
From: Sure Thing	Read Replies (1) \| Respond to of 61433

Tim, I do not have the inside track as to why the volume was high. However, I think it's quite likely that MM's, fund managers, and individual investors felt that the NAS rally would start to carry ASND with it, when that occured the day after the rally started the price improvement gave way to stock confidence and then the analysts got behind the stock today and wah-la! - Sure Thing - - Or it could be the take over rumors? -

To: Tim Luke who wrote (33608)	2/6/1998 12:08:00 AM
From: Gary Korn	Respond to of 61433

Question: A couple weeks back (I think) when asnd received a few upgrades and the stock traded down, why all of a sudden is the volume and the stock up? Tim, 1. Since ASND reported earnings a couple of weeks back on 1/20, it is up about 7%. But other networkers have moved far more in the same timeframe (1/20 through 2/5): o XYLN up 30% o PAIR up 22% o XIRC up 18% o LU up 14% o CS up 13% o SHVA up 12% o MRVC up 10% o CSCO up 8% 2. I cannot gather from this that ASND has some "special" thing going for it. It seems almost to be a laggard. Probably, in the last few days, it has finally caught some money to bring it up to the 7% gain figure. 3. I've no data to suggest a merger is in the works. Recently, the T deal has gained more public exposure. That has to have helped the stock. Gary Korn