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

To: Mighty Mizzou who wrote (54821)	9/29/1998 12:24:00 PM
From: Glenn D. Rudolph	Respond to of 61433

Strong buy to hold? What the heck is this based on? Never heard of Klauer, how big are they? Do they have much influence / credibility? Talk about a shot out of the blue! Maybe underwriting for LU. I think this mornings weakness might be a buying opportunity for this afternoon. Mighty, I have no idea. I just posted it. Glenn

To: Mighty Mizzou who wrote (54821)	9/29/1998 6:19:00 PM
From: sbeckbal	Read Replies (1) \| Respond to of 61433

I don't know if the firm has much clout, but Gerald Klauer of GERARD KLAUER etc. is a regular on CNBC. Klauer specifically spoke of ASND as a strong buy last year on CNBC when the stock was in the 40s, months before we hit 22, so maybe we should take the downgrade as a contrary indicator... At least their call was not quite as embarrassing as the one made by G. van Waggonner (the momentum guy), who was singing ASND's praises when the stock was in the mid 70s, just down from the 80s, a long time ago.