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

To: Souze who wrote (51650)	8/5/1998 8:49:00 AM
From: Mark Duper	Read Replies (1) \| Respond to of 61433

Senior Vice President of Global Operations; Heavy Hitter Added to Ascend's Team of Seasoned Executives Business Editors/Technology Writers ALAMEDA, Calif.--(BUSINESS WIRE)--Aug. 5, 1998--Ascend Communications, Inc. (NASDAQ:ASND), a leader in wide area networking (WAN) solutions for providers and users of the Public Network, today announced the appointment of Jim Hindmarch as senior vice president of Global Operations. Mr. Hindmarch is charged with leading Ascend's worldwide manufacturing operations and expanding the company's global presence. Ascend's current manufacturing operations, located in Alameda, Calif. and Westford, Mass., will report to Mr. Hindmarch. Mr. Hindmarch will report directly to the company's chief executive officer, Mory Ejabat. "We are extremely pleased to have someone with Jim's experience joining the ranks of the executive team here at Ascend," said Mory Ejabat. "With a demonstrable track record in leading operational initiatives for companies in the high tech sector, Jim will be instrumental in building the operational infrastructure to support Ascend's rapid growth domestically and internationally." Mr. Hindmarch comes to Ascend with more than 25 years of experience in worldwide manufacturing and operations management. He has held senior operations and management positions at CIDCO, ROLM Corporation and Dell Computer Corporation. Mr. Hindmarch received his BS in Industrial Management from San Jose State University. Tony Stagno, currently Ascend's vice president of manufacturing is retiring. For the past six and a half years Mr. Stagno has successfully managed manufacturing operations and kept pace with Ascend's rapid growth. Under his leadership, Ascend's manufacturing operations has broken many records, including shipping over 1,000 MAX TNT(tm)s along with more than 7,300 slot cards in June of 1998. About Ascend Communications Ascend Communications, Inc. develops, manufactures, sells and services wide area networking solutions for telecommunications carriers, Internet service providers and corporate customers worldwide. Press and industry analysts, please contact: Meredith Valt, Alexander Communications, 415-923-1660 (ext. 131), mvalt@alexandercom.com. Investors and financial analysts, please contact: Kristina Graziano, 510-747-2345, kristina.graziano@ascend.com; or all other inquiries please call toll-free: 800/ASCEND4. For more information about Ascend and its products, please visit the Ascend web site at www.ascend.com, or send e-mail to info@ascend.com. Ascend is headquartered at One Ascend Plaza, 1701 Harbor Bay Parkway, Alameda, Calif. 94502; phone is 800/ASCEND4 and fax is 510-814-2300. The foregoing statements may contain forward-looking statements that are based on current expectations and involve risks and uncertainties. Actual results could differ materially from these expectations as a result of factors including, but not limited to, the Company's success in developing, introducing or shipping new products, competition, the mix of distribution channels employed, the Company's dependence on single or limited source suppliers for certain components used in its products, risks inherent in international sales, seasonality and general economic conditions. These and other factors are discussed in Ascend's 10-K, 10-Q and other filings made periodically with the Securities and Exchange Commission. --30--ap/sf* CONTACT: Ascend Communications Jennifer Reidy, 510/747-2761 jennifer.reidy@ascend.com or Alexander Communications Meredith Valt, 415/923-1660 ext. 131 mvalt@alexandercom.com KEYWORD: CALIFORNIA INDUSTRY KEYWORD: COMPUTERS/ELECTRONICS COMED TELECOMMUNICATIONS MANAGEMENT CHANGES