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: Thomas M. who wrote (57006)	11/10/1998 2:26:00 PM
From: Bindusagar Reddy	Read Replies (1) \| Respond to of 61433

MSFT, may not be the best innovator, but it is run by a VISIONARY, not a SALESMAN (Mr. Chambers). It is a monopoly....Salesman can only take the company as far as its technology. But visionary CEO keeps looking ahead instead of protecting their old products (CSCO) from obsolescence. BR

To: Thomas M. who wrote (57006)	11/10/1998 2:28:00 PM
From: H.A.M.	Read Replies (3) \| Respond to of 61433

Ascend Rises After Report It's Close to MCI WorldCom Contract Alameda, California, Nov. 10 (Bloomberg) -- Ascend Communications Inc. rose as much as 5.3 percent after Network World Magazine reported that the computer-networking company is close to winning a $50 million contract from MCI WorldCom Inc. Ascend climbed 2 1/8 to 51 5/8 in early afternoon trading of 4.39 million. Earlier, the shares touched 52 1/8. Ascend and MCI WorldCom declined to comment on the possible contract, which was first reported yesterday on the trade publication's Web site. Ascend has won several large contracts in recent months from phone companies that want to use its asynchronous transfer mode, or ATM, switches to route data traffic on their networks. Ascend's ATM gear is more powerful than rival offerings from top network-equipment company Cisco Systems Inc. and telephone equipment-maker Northern Telecom Ltd. ''Ascend is winning all the important ATM deals right now,'' said Craig Johnson, principal analyst at market-research firm Pita Group in Portland, Oregon. Analysts also have speculated that No. 1 U.S. phone- equipment maker Lucent Technologies Inc., which competes with Cisco and Northern to sell networking equipment to phone companies, may buy Alameda, California-based Ascend to get its ATM product line. Citing unnamed sources, Network World said MCI WorldCom plans to use 70 of Ascend's CBX 500 computer switches in its data network and estimated the value of the contract at about $50 million. Ascend had third-quarter revenue of $370.3 million. Jackson, Mississippi-based MCI WorldCom, the No. 2 U.S. long distance company, was formed in September when WorldCom Inc. bought MCI Communications Corp. for $47 billion. WorldCom has used Ascend equipment in its frame-relay data network, while MCI has used equipment made by Northern Telecom's Bay Networks. 14:17:19 11/10/1998