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

To: gbh who wrote (55060)	10/2/1998 9:56:00 AM
From: Tim Luke	Respond to of 61433

i guess i'm still an idiot ....right....oh well

To: gbh who wrote (55060)	10/2/1998 9:58:00 AM
From: Dragon 1	Read Replies (2) \| Respond to of 61433

Asenders, don't say that I didnt warn ya.

To: gbh who wrote (55060)	10/2/1998 2:09:00 PM
From: gbh	Read Replies (1) \| Respond to of 61433

Note reference to ASND in this Chambers interview. Cisco CEO Not Intimidated By Rivals (10/02/98 7:20 a.m. ET) By Al Senia and Tim Long, Computer Reseller News Cisco president and CEO John Chambers said he is not intimidated by networking telecommunications rivals Lucent and Nortel Networks. In an interview with CRN Thursday -- the day Lucent's U.S. Securities and Exchange Commission-imposed pooling restriction was lifted, which means the company is free to pursue mergers and acquisitions -- Chambers said Lucent and Nortel have misjudged the difficulties of the market. "I think they're underestimating the challenges," Chambers said. "We have a culture [that has] an unusual balance of confidence that we can take on the biggest players of the world," he said. "And this isn't the first time we've done this. So to think we would underestimate or, secondly, not be able to execute effectively vs. a Lucent or a Nortel is not giving us credit for our skill sets." Chambers added the conventional wisdom that says telecom companies can succeed in the data-networking market by acquisitions is wrong. "Most [acquisitions] fail in our industry," Chambers said, citing a long list of examples, including 3Com, Cabletron, and Newbridge Networks. "The most successful [acquisition] was Ascend Cascade," he said, "yet they grew only 5 percent revenue the next year." Chambers also said San Jose, Calif.-based Cisco (company profile) is well-positioned technologically for the upcoming battle over customers, because the tide of convergence in the networking industry is "video and voice underneath the data infrastructure, which plays hugely to our advantage." After his interview with CRN, Chambers outlined an aggressive Internet vision for approximately 400 enterprise executives at the Mission Critical Computing conference. "Getting everything connected will be the future," Chambers told the executives. "In short, it's going to change everything about our society. Are you ready?"