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


To: Robohogs who wrote (51422)8/3/1998 1:22:00 PM
From: Mighty Mizzou  Respond to of 61433
 
A quote from Mory:

''The transaction also opens up a $10 billion new market
opportunity for Ascend's products now served almost exclusively
by traditional telecom equipment suppliers,'' said Mory Ejabat,
president and chief executive officer of Ascend.

ASND is entering into a 10 billion dollar market that will cost us +/- $500 mil BEFORE divestiture? Gee, now this 15% slide makes sense, NOT!

(Quote from CBS Newswatch)