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

To: Terry Audette who wrote (53040)	8/28/1998 7:02:00 AM
From: getgo234	Respond to of 61433

It was just now reported on Bloomberg News that JP Morgan has reiterated a buy recommendation on ASND with a 12 month price target of $ 65.

To: Terry Audette who wrote (53040)	8/28/1998 4:40:00 PM
From: James A. Venooker	Read Replies (2) \| Respond to of 61433

Dear Terry, I couldn't agree with you more, however, most of the selling seems to be panic selling over issues that don't impact our U.S. markets very much, i.e., Russian Crisis, Hong Kong, etc.. If our bottom is where you think it may be, we may be in for a major, major problem, has anyone noticed the increased frequency in which CNBC, CNN, etc, have used the word "RECESSION" lately? That would be scary. On a lighter side, any long positions in fundamentally sound company's including ASND and the ones you have mentioned, should do very well in the long term. As one of my best sources says (and please don't let me offend): "As soon as all the nail biting assholes exit the market, we will return to levels approaching Dow 10,000, and maybe as soon as May, 1999. My two cents, Jamie