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

To: Sowbug who wrote (43953)	4/13/1998 10:15:00 AM
From: Gary Wisdom	Respond to of 61433

Well, amateur hour is almost over. Huge volume and Inca is playing games once again.

To: Sowbug who wrote (43953)	4/13/1998 10:16:00 AM
From: Sriram S. Konkipudi	Read Replies (3) \| Respond to of 61433

Ascend RAISED TO BUY NEW YORK, April 13 (Reuters) - UBS analyst Nikos Theodosopoulos raised his rating for Ascend Communications Inc.<ASND.O> Monday to buy from hold. -- He said in a report the upgrade was based on "improving visibility in core switching, better outlook on operating margins and stable pricing on RAC market. -- "Our year-end target is $45, although we believe stock could exceed our target if takeover speculation increases." -- The company reported first-quarter earnings per share of $0.26 after markets closed Thursday. The results beat UBS' and the consensus estimate of $0.25. -- Ascend opened Monday down 7/16 at 39-1/2.