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

To: Clay Takaya who wrote (50596)	7/29/1998 12:49:00 PM
From: Philly714	Respond to of 61433

Clay, "I like ASND's positioning in the WAN market, but without the acquisition angle, I think there are better fish out there." From what we have heard Mory is ready to go it alone (assuming someone does not make an offer he can't refuse - no horse head required). Are you saying if LU does not come knocking by 10/15 the stock will be back into the 30's ?? I was shocked to see it actually touch below 50 yesterday but with another solid quarter being announce in October I think the LU affect will be far removed by that time. If LU does come knocking I would look for 65 - 70 at a minimum.... Philly714

To: Clay Takaya who wrote (50596)	7/29/1998 1:02:00 PM
From: Philly714	Read Replies (1) \| Respond to of 61433

To all: If you want to look at something that exemplifies this current market check out TNL. This company has been around for quite awhile and is very old school. They came out with earnings Monday after market and their stock had closed at 38 and change. Tuesday morning the stock opened down 14 points ! Currently trading at 23 and change and I can't see the reasoning. Everyone is going nuts over this ASIA "crisis" but it appears to me that buying opportunities abound. TNL is just one example, but it is one that really stands out. AAIR is another (old Valujet), they have finally turned the corner and started making money once again (160% increase over last year/.16 share earnings) and their stock goes down ???? I give up !!!