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

To: FrankInNYC who wrote (40403)	3/20/1998 5:24:00 PM
From: Joseph Colombo	Respond to of 61433

,a penny off and this dog will be barking all the way down to the mid 20s.>. FrankInNYC, If this guy bites me again, I out for good. I've owned this company since last summer, and it has been a real pain. I was told that it was a darling of the street at one time. It's a dog right now. We are all sitting here waiting for something to bring it down. You can't tell that most (or all) of us have had it with this company. I think most are just waiting for 40 to 50, and they are out of here. Joe

To: FrankInNYC who wrote (40403)	3/20/1998 5:59:00 PM
From: Matt Webster	Read Replies (2) \| Respond to of 61433

I agree that a warning will let us see the 20's again. Please no. As for the bigger picture, there's still a big cloud hanging over tech. Everyone's expecting a Spring correction. Meanwhile, the broader market is roaring in financial services, especially, and those of us overweight technology are losing in opportunity costs. I think we'll see Ascend at 35 again shortly, but it's no fun languishing while the broader market moves. The only things that could derail us would be a Cisco, Microsoft or IBM warning. I'm out at 35 (again) and am going long semiconductor capital equipment (AMAT, KLAC, KLIC). I thought Ascend had a beta of 2.7 or something? What happened to that? Matt

To: FrankInNYC who wrote (40403)	3/20/1998 9:18:00 PM
From: Jeff Jordan	Read Replies (1) \| Respond to of 61433

To: +Greg Jung (40398 ) From: +FrankInNYC Friday, Mar 20 1998 5:15PM EST Reply # of 40422 >I don't think a warning would be disastrous to asnd, nor coming >in a bit shy without a warning, probably either way (unless >there is a major hangout) it will be met with a relief recovery. Are you kidding me?? With jittery market sentiment on earnings for all tech companies in upcoming quarters, and Ascend's not-to-solid reputation for making the quarter numbers (as well as their rocky relationship with analysts), a penny off and this dog will be barking all the way down to the mid 20s. That's as optimistic as I can get as an investor long on this one. 1. Ascend does NOT have a reputation for missing earnings. 2. They aren't going to warn! However, if they did, that truly kill the stock for a very very long time. Management knows what the next few quarters mean...they had already announced this is going to be a good year with sequential growth. I can almost guarantee you they will meet or exceed WS expectations! ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ its funny I looked at the Yahoo thread when I got home...someone has been spreading rumors LU made a hostile bid of $40...and ASND was up $8 in after hours....I had to check my sources quick....So, as far as I can see he could be in deep water?<g> He would be gone from SI in a heartbeat on that one. Sorry to see it was untrue, as far as I know. But $50 would have made it believable.... Jeff