Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Nick Elkherj who wrote (54389)	9/17/1998 11:50:00 PM
From: Pat Hughes	Respond to of 61433

<"All of the sudden, one of the BIG Telcos (LU, Ericsson, ...) will jump in and make a bid in the hi 30's. ASND has no choice but to accept, the shareholders are tired of the roller coaster ride. And they all live happily ever after."> There is no way Ascend sells for the high 30's. The prospects are far to great for this company. Yes, maybe the stock drifts down. Maybe even into the low 30's, but based on the huge projected growth of the telco equiptment market in the next few years, estimated at 650 BILLION by 2001 there is just no way that anyone gets tired and gives this gem up for anything below 50. Mory was offered 35 a year ago, when the stock was way down in the dumps. Now that things are pumping along, why would he sell in the "High 30's"? He mockingly suggested a price of 100.00. I think somewhere between 50 and 100 is more like it. Pat Hughes