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

To: Marco Riggi who wrote (40076)	3/19/1998 8:42:00 AM
From: Bill Chen	Respond to of 61433

This paragraph more or less sums up the irrationality in this sector (excerpted from Briefing.com). By the way, I hope the Everen upgrade will boost the stock price. Go Ascend. Computer Networking Brief: Message to CEOs: Stock underperforming, don't know what to do to jump start share price and get angry investors off your back... Here's a helpful hint from us... Issue a statement that demand is weaker than expected, pricing pressure is intense, revenues will fall 10% below prior quarter and that earnings will miss the street's estimate by a good 25%... It worked for Bay Networks... Stock was down nearly 25% in recent weeks and then after Tuesday's close the company issued an earnings warning... Sure enough, DLJ upped its rating and the stock rose by more than 2 points... Oh we almost forgot, the only other networking stock posting a gain of more than one point on Wednesday was Cabletron Systems (who issued a warning a couple weeks ago)... And who said market's weren't rational.