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

To: w2j2 who wrote (56187)	10/20/1998 11:12:00 AM
From: hitesh puri	Respond to of 61433

I believe so too. Big Boys were piling into ASND around 42 as I was seeing blocks of 15000 and 10000 flying by. That reassured me that and confirmed what I said yesterday that ASND is back to be the daytraders favourite. -hitesh

To: w2j2 who wrote (56187)	10/20/1998 11:18:00 AM
From: bucky89	Read Replies (2) \| Respond to of 61433

BTW I am a non-practicing CPA. Any analyst who would downgrade ASND based upon how they handled this financing (and I believe ASND indicated that financing is involved in less than 5% of their contracts) is a complete idiot." I think this whole episode today is an attempt to buy ASND at a cheaper price...IMHO wj Agreed, Walter. I am in complete agreement with you. I am a non-practicing MBA, and formerly worked in finance at a large company. I am changing my position on Ascend acquisition. I do not think Ascend will be acquired in the next quarter. I think they are positioning themselves to go independent for at least 1-2 quarters unless Lucent makes an irresistible offer. Originally I was anticipating that Ascend would let it rip this quarter and report $0.35-$0.40/share. It looks like they decided not to do that and instead to bag a significant portion for next quarter. bucky89