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

To: Peter Yang who wrote (36118)	2/23/1998 10:09:00 PM
From: Gary Korn	Read Replies (2) \| Respond to of 61433

Anyone has any news about ASND's presentation at BARS today? Peter, Dennis Duke was at the conference and called me on his way home. I'll let him report, but bottom line was: (1) ATM is strong, (2) FR is even, (3) RAS/RAC is flat to slightly negative (more ports, but less revenue due to pricing pressure) (4) Visibility is increasing. More comfortable saying that revenues will increase through a quarter, rather than merely be constant throughout (5) WCOM has always had ASND on an "on-demand" requirements relationship (which should, in theory, prevent a CIEN-type debacle) (6) ASND has enough on its hands with ATM, etc., than to be worrying about optical switching issues pertinent to the CIEN-marketplace (7) There apparently were some meetings between ASND people (Mory, Ashby, etc.) and some "fund" people in the morning (perhaps a sign that certain funds are looking to buy) Gary Korn

To: Peter Yang who wrote (36118)	2/24/1998 10:39:00 AM
From: Dennis R. Duke	Read Replies (1) \| Respond to of 61433

Yes, I was there. The slides were slightly different in favor of ATM switches. Kristina, in Investor Relations, is going to mail me a set of slide copies. I have the last two presentations here for comparisons, and will report on the differences when I get them. It was late when I got back to Monterey from San Francisco, so I have not posted yet. Generally, they reported status quo for anyone who is as informed as we are in this forum. No surprises. There were separate meetings with fund managers, but no committments to purchase, as I understand it. Our recent 13G filer may have gotten the industry interested again, but consistency is going to be the buzzword here. We can not scare the funds again. The broker public there seemed impressed. The comments on the AS5800 were they (Mory) doesn't see it as correct for the market. I'll get out my notes here in a little bit and write a proper report shortly. Dennis