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

To: Glenn D. Rudolph who wrote (38240)	3/7/1998 1:12:00 PM
From: gbh	Read Replies (1) \| Respond to of 61433

Glenn, I would be very surprised to see CPQ at 27 on Monday afternoon. I think the current pricing of the stock represents Lucy Painter's recent downgrade (to about .32 from .36 if i remember correctly). This occurred just a few days ago after she supposedly was briefed by management. Now they say break even. This raises the whole credibility issue, of which we who follow ASND are very familiar. Look for CPQ to lose another 8-10% Monday and then languish for awhile, perhaps a long while.

To: Glenn D. Rudolph who wrote (38240)	3/7/1998 1:25:00 PM
From: Jeff Jordan	Read Replies (1) \| Respond to of 61433

OT Now they say break even. This raises the whole credibility issue, of which we who follow ASND are very familiar. Look for CPQ to lose another 8-10% Monday and then languish for awhile, perhaps a long while. Glenn(not Glen), I have to agree with the above sentiment. I have decided not to buy any CPQ on Monday...but wait for the next short lived rally, if one occurs and buy puts. The main reason is I believe my scenario is sound and it only requires a minimal amount of capital. Jeff