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To: Wigglesworth who wrote (14043)	2/22/1998 3:27:00 AM
From: Mang Cheng	Respond to of 45548

Wigglesworth, those Redherring's articles are excellent, thanks. Here is something interesting about ASND from this week Barron's interview : ********************************************************** An Interview With Wesley McCain and Jeffrey Sanders : What else are you short? McCain: We have been short Ascend Communications since last March, so it's been a good short for us. But it's starting to rally pretty fiercely -- even though it still ranks pretty high on the short side. Sanders: It sure does. It's one of our top-ranking shorts -- meaning most expensive, trading at 7.2 times book value. McCain: Not to mention it's 5.5 times revenues, 43 times cash flow. Sanders: There are lots of people in the communication business and there are lots of products. When one company is making a lot of money, that just gives someone else an incentive to come up with even better products. Ascend is not necessarily in a sustainable position. McCain:** One of the marvels of capitalism is that high growth rates attract a lot of bright, serious competitors. And the market does mark these stocks down-eventually . Thanks, gents.