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


To: Duke who wrote (49773)7/14/1998 10:16:00 AM
From: Finder  Respond to of 61433
 
Down 2 5/8. Big volume. Someone or thing is relentlewssly driving this stock down. Started yesterday when Advance Fibre rumor was broadacst on CNBC.

Pray it isn't true.

Now down 3. Stock can not seem to find any bottom at all. Concentrated selling.




To: Duke who wrote (49773)7/14/1998 10:17:00 AM
From: Mario Houben  Respond to of 61433
 
This is starting to look like a free fall. Any news?



To: Duke who wrote (49773)7/14/1998 10:17:00 AM
From: George Coyne  Read Replies (2) | Respond to of 61433
 
Anybody know if Aug. option expiration is the 14th or the 21st?

G. W.



To: Duke who wrote (49773)7/14/1998 10:18:00 AM
From: Brad Rogers  Read Replies (1) | Respond to of 61433
 
asnd down 3; afci up 2.

looks to me as if the market is telling us that asnd will take over afci.

oh well........I just bought afci at 16 15/16. I think it would be a terrific acquisition for asnd. great fit. Though short term, it could hurt asnd's stock price.

both afci and asnd report after today's (Tuesday) close.



To: Duke who wrote (49773)7/14/1998 10:18:00 AM
From: Mac S. Giballa  Read Replies (3) | Respond to of 61433
 
Holy God, I just heard $0.39!!!



To: Duke who wrote (49773)7/14/1998 10:18:00 AM
From: Mark Duper  Read Replies (1) | Respond to of 61433
 
I don't know about you guys, but I am looking to add here. It's pretty much understood that ASND will meet or beat this q. The only ambiguity IMO lies in the CC. ASND needs to show a growth pattern to warrant the PE it's currently receiving.

I don't think ASND will be acquiring Advanced Fiber. However good the fit would be, timing is not right.

Good luck, guys.

Sup.