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


To: username who wrote (42207)4/4/1998 5:12:00 PM
From: Sector Investor  Read Replies (1) | Respond to of 61433
 
Forgot to post this yesterday from Cowen.

<<Ascend Comm. - Buy
1998E $1.19 Another large ATM switch win likely near term.
1999E $1.42 Our model for ASND's new switch, to ship in volume
in Q2, clearly is too conservative. ASND $40 -
Stix.>>

This new "new term" win doesn't appear to refer to GTE, as that was announced on 2/18 - just more details on the size came out yesterday.

Anyone have any ideas who this could be?

Nice to see Cowen say their model is conservative. Upgrade coming after earnings?