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

To: zbyslaw owczarczyk who wrote (57416)	11/23/1998 12:36:00 PM
From: H.A.M.	Respond to of 61433

Berger's Portfolio Manager Recommends Growth Stocks Dow Jones Newswires November 23, 1998 NEW YORK -- The Berger Select Fund has returned 57% year-to-date by investing primarily in growth stocks, said Patrick Adams, its portfolio manager. "The lowest we got for the year was up about 20%," Adams told CNBC Monday. The Berger investment portfolio is weighted about 80% in growth stocks such as Cadence Design Systems (CDN), Ascend Communications Inc. (ASND), Tommy Hilfiger Corp. (TOM), Abercrombie & Fitch Co. (ANF) and Waste Management Inc. (WMI), Adams said. The remaining 20% of the fund's investment portfolio is composed of "trading opportunities" like Sears, Roebuck & Co. (S) and the Kimberly-Clark Corp. (KMB), he added. When selecting companies for the fund, Adams looks for reasonably priced stocks with good historical track records. "Generally we buy the stock at or below its historical valuations," he said. Adams sees the long-term growth rate of the Berger portfolio in excess of 20%. "Currently the long-term growth rate is pushing 25% and the year-over-year growth in the portfolio is around 30% and the price to earnings ratio is a significant discount to the S&P 500," Adams said. - Amy Hughes; 201-938-5171

To: zbyslaw owczarczyk who wrote (57416)	11/23/1998 12:54:00 PM
From: The Phoenix	Read Replies (1) \| Respond to of 61433

NN leading ATM - what a joke. Take a TDM and put a ATM interface on it and call it an ATM switch... sheesh. We all know ASND is the leader here.... OG

To: zbyslaw owczarczyk who wrote (57416)	11/23/1998 3:18:00 PM
From: H.A.M.	Read Replies (1) \| Respond to of 61433

Ascend is the only vendor among the current top three that gained market share in ATM revenue in 1998 to both carriers and ISPs. In addition, Ascend remains the top revenue generator in Frame Relay sales to the carrier and ISP segments. This is according to the following report (dated November 20, 1998). Regards, Hisham __________________________ ASCEND COMMUNICATIONS: Ascend leads the way M2 PressWIRE, 11-20-1998 -- Vertical Systems Group declares Ascend leader in service provider segments -- IDC rates Ascend number one in concentrator port shipments Ascend Communications, a leader in wide area networking (WAN) solutions for providers and users of the public network, today announced that a report from Vertical Systems Group confirmed that Ascend is the number one vendor in the Frame Relay and asynchronous transfer mode (ATM) market for public carriers. According to the report, Ascend not only continues to lead the public WAN market, but has increased its market share in Frame Relay and ATM in the carrier and Internet Service Provider (ISP) markets. According to the Vertical Systems report, Ascend leads the combined ATM and Frame Relay service provider equipment segment with 26.4 percent market share for 1998, surpassing the competition for the first time and achieving the highest market share gain among all vendors highlighted in the report. Ascend is the only vendor among the current top three that gained market share in ATM revenue in 1998 to both carriers and ISPs. In addition, Ascend remains the top revenue generator in Frame Relay sales to the carrier and ISP segments. 'The growth of the Internet and transition of WANs from private lines to public networks has created a strong demand for high performance solutions in public networks,' said Rick Malone, Principal for Vertical Systems. 'This demand has fueled an expansion in the Frame Relay and ATM markets, and our research illustrates that Ascend has been successful in gaining market share in the carrier and ISP segments.' 'Our continued leadership and impressive gains in the Frame Relay and ATM markets are solid evidence that we are offering carriers and ISPs the world's strongest WAN solutions,' said Alan Bates, Ascend's European Marketing Communications Manager. 'This report from Vertical Systems further verifies our market strategy and success.' According to a recent report from International Data Corporation, Ascend's MAX family of WAN Access Switches holds the number one position in total worldwide remote access server (RAS) concentrator ports shipped and worldwide public remote access revenue. The report confirms Ascend's leadership position in providing multiservice remote access switching technology for the New Public Network. According to the report, 1H98 Remote Access Servers and ISP vs. Corporate Market Share Update, Ascend holds the number one position with 27.6 percent market share in total worldwide RAS concentrator ports for the first six months of 1998. IDC figures also demonstrate Ascend's continued leadership with 28.8 percent of the worldwide public remote access revenue market for the first half of 1998. RAS concentrators now account for 86 percent of the total RAS market according to the report. 'Ascend continues to maintain market share leadership in concentrator port shipments, the key RAS platform for the public sector,' said Brad Baldwin, director of remote access for IDC. 'Vendors continue to shift more of their attention toward technology to support ISPs and carriers.' 'Ascend strives to offer the best products for the best value,' said Curtis N. Sanford, executive vice president and general manager of Ascend's Access Switching Division. 'We have delivered voice, fax, data, VPN, DSL and network management technologies on a single access infrastructure. Service providers have a solid base for building the New Public Network by utilising the MAX and MAX TNT family of WAN Access Switches.' About Ascend Communications Ascend Communications, Inc. (NASDAQ: ASND) develops, manufactures, sells and services wide area networking solutions for telecommunications carriers, Internet service providers and corporate customers worldwide. The foregoing statements may contain forward-looking statements that are based on current expectations and involve risks and uncertainties. Actual results could differ materially from these expectations as a result of factors including, but not limited to, the Company's success in developing, introducing or shipping new products, competition, the mix of distribution channels employed, the Company's dependence on single or limited source suppliers for certain components used in its products, risks inherent in international sales, seasonality and general economic conditions. These and other factors are discussed in Ascend's 10-K, 10-Q and other filings made periodically with the Securities and Exchange Commission. Hannah Arnold/Julie Styles, dPa Corporate Communications for Ascend Communications Tel: +44 (0)1483 456 666 Fax: +44 (0)1483 456 555 e-mail: hannah@dpa-corpcomms.co.uk M2 COMMUNICATIONS DISCLAIMS ALL LIABILITY FOR INFORMATION PROVIDED WITHIN M2 PRESSWIRE. DATA SUPPLIED BY NAMED PARTY/PARTIES.