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

To: djane who wrote (1352)	4/8/1998 11:53:00 PM
From: Immi	Read Replies (1) \| Respond to of 1629

Rough spell Ascend Communications (ASND) came through with a small gain of 5.8% in market value. After a good 1996 Ascend fell victim to events overseas. "Japan stopped buying," says Hambrecht & Quist analyst Joseph Noel. Why? Because Internet installations and PC sales slowed in the country. Then came the Asian crisis in midsummer while the Europeans, too, experienced a slowdown in demand for Internet access. Stateside, the release of Ascend's new software, MAX TNT, was delayed for two quarters because of hiccups with the new product. "Management lost some credibility with investors," says Noel, "and the stock price suffered." To improve technology know-how, Ascend purchased Cascade Communications for $3.5 billion. Noel predicts that Ascend will one day be bigger than rival Cisco Systems. "Cascade has more complex technology and there is more room for growth in the ATM switch and frame relay system markets that are used in wide-area networks." ATM in particular is seen as a way to integrate voice, video and data over the same line traveling at much faster speeds than are possible today. \| top \| See also: Tech companies establish presence on Forbes 500 The changing landscape of today's economy. The speed of growth Tech stocks are getting higher faster. The stocks tell the story Five of 1997's technology winners. Today @ the Tool \| Forbes Magazine \| The Toolbox TECHNOLOGY \| PERSONAL FINANCE \| STARTUPS COMPANIES \| E-BUSINESS \| COOL Sitemap \| Help \| Webmaster c 1998 Forbes Inc. Terms, Conditions and Notices