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

To: Immi who wrote (34076)	2/9/1998 4:31:00 PM
From: Gary Korn	Respond to of 61433

Immi, Reposting the full Bloomberg article. Thank you!!!! The article posted after-market, but after-market trading so far is weak: Technology News Mon, 9 Feb 1998, 4:09pm EST <Picture> BN 2/9 Ascend Expected to Unveil AT&T Contract for High-Speed Switches Ascend Expected to Unveil AT&T Contract for High-Speed Switches Alameda, California, Feb. 9 (Bloomberg) -- Ascend Communications Inc. is expected to disclose this week that it signed a contract to supply AT&T with high-speed switches for its telecommunications network. The contract calls for Ascend to supply AT&T with multi- service switches, which can route voice and data traffic on a computer network using multiple communication technologies, analysts said. They said the contract could be worth up to $30 million. Ascend had sales of $292.5 million in the latest quarter. Ascend and rivals Cisco Systems Inc. and 3Com Corp. view the so-called carrier market, which includes phone companies and Internet service providers, as a high-growth sales area in 1998. Ascend's contract is significant because it beat its competitors and could lead to more sales to AT&T, the largest U.S. telecommunications provider. ''Any win at AT&T is a big one, especially against Cisco and 3Com,'' said James Wade, an analyst at BT Alex. Brown who has a ''market perform'' rating on Ascend's stock. AT&T confirmed that it uses Ascend's switches in its network but declined to comment on any recent contracts. Officials at Alameda, California-based Ascend declined to comment. Ascend shares fell 3/8 to 32 7/8 in late trading. --John Shinal in the San Francisco newsroom (415) 912-2995/jac/pkc