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

To: H. Wai who wrote (49185)	6/22/1998 9:54:00 PM
From: Bindusagar Reddy	Read Replies (2) \| Respond to of 61433

The reason given by Montgomery Idiot is this. He is acting like a professor in evaluating ASND. FYI DELL was downgraded by several idiots on the way up citing valuation. These morons never learn. He admits that the business is strong. He must have some clients who want at lower price. thought Montgomery Cuts Ascend To Hold From Buy PALO ALTO, Calif. (Dow Jones)--NationsBanc Montgomery Securities Inc. analyst Al Tobia cut his rating on Ascend Communications Inc. (ASND) to hold from buy. Tobia cited valuation in his decision, noting that the stock has risen about 38% since April 7. The company's switching business remains strong, but the remote-access business remains highly competitive, meaning that there is the opportunity for a "slight upside" to the second quarter, Tobia said in a research note. However, the upside is in the stock price already, he said. Moreover, any takeover of the company is unlikely to push the stock much higher, he said. Ascend shares fell Monday 4.1%, or 2 1/16, to 47 7/8.