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


To: Tim Luke who wrote (51621)8/4/1998 11:45:00 PM
From: Leeza Rodriguez  Respond to of 61433
 
Christopher Stix of Cowen (one of the best ASND analysts--and I have stated his history previously) issued a strong buy on ASND today. Target price is $60 and he mentions that a 'merger price' would likely be as high as $70.

Stix LOVES the SRA acquisiton and thinks it will lead to a faster ramp in sales of TNT to the telco community. (I agree!) He also believes that the acquisition of SRA will not diminish LU's interest.

Leeza Rodriguez