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

To: Jeff Call who wrote (55386)	10/7/1998 1:13:00 AM
From: Bindusagar Reddy	Respond to of 61433

Raging Bull, added ASND to the RAGING portfolio Monday. They expect ASND Bull to Rage and put fear in SHORTS. Here is the excerpt. The Raging Portfolio [ More Portfolio Information ] Objective: To maximize investment return via agressive investment stategies. Update: As of October 4, 1998: [ Complete Portfolio Spreadsheet ] On Monday, we will also purchase shares of networking company Ascend Communications (ASND). Ascend has been a wild ride for investors over the past year, hitting a high of $55 and a low of $22. Ascend closed at $40 3/16 on Friday, down -1 1/4. In recent months, the stock has been in a fairly tight trading range since rising sharply earlier in the summer. We believe the company is attractive at current prices because of the company's strong presence in the core switching markets. Driving demand for switching products is increased capital spending by service providers seeking to build out the infastructure needed for secure, reliable, and speedy Internet backbones. In laymens's terms, Ascend has superior data networking technology perfectly suited to switchings lots of Internet traffic. Not unsurprisingly, this market is booming as Internet traffic explodes. Traditional telecom equipment suppliers like Lucent Techologies (LU) have perfected the networking technologies needed to switch voice traffic, but they lack the capabilities to switch data. Because Internet traffic is doubling every 100 days, the data network is slowly seizing control of the voice network. Which means, of course, that data networkers like Ascend and Cisco (CSCO) will be facing down the traditional telecom equipment powerhouse like Lucent. In the short or long run, this means that Ascend and Cisco probably win big as demand for their products will boom -- or small guys like Ascend get bought out by the traditional players. Either way, we like Ascend's product momentum, strong client relationships, and technological edge -- we are in for 300 shares of ASND at the open tomorrow morning. Our second new purchase tomorrow morning will be semiconductor powerhouse Intel Corp. (INT