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

To: hitesh puri who wrote (49894)	7/14/1998 5:00:00 PM
From: djane	Read Replies (4) \| Respond to of 61433

Hitesh. Good call - as usual. Your sources are impeccable. Is there anyway to tell if ASND again held back earnings as was reported for the last quarter?

To: hitesh puri who wrote (49894)	7/14/1998 5:05:00 PM
From: Scott Kessler	Respond to of 61433

Obviously the major sell-off (almost 10% from today's high)was by those fearful of an earnings shortfall and/or an Advanced Fiber-takeover. Thankfully, neither came to fruition, and I'm hopeful that the stock is ready to test recent highs tomorrow. In my experience, investors hate uncertainty almost as much as bad news. Now that the uncertainty associated w/ ASND has been resolved, investors will return to the stock. Will they return immediately? I hope so in light of the fact that I own 10 hot potato calls, but as a LEAPs holder, I'm optimistic that we're going to see new highs in the the next month or so. Consider this -- the valuation is reasonable, the products and technology are outstanding and the prospects are bright -- takeover or not -- Scott.