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


To: H.A.M. who wrote (57500)11/25/1998 11:55:00 AM
From: Christopher Reed  Respond to of 61433
 
This asnd and nn both claiming a win in China reminds me of the China deal with Boeing. It felt good that China bought a bunch of planes. (I don't remember how many billion dollars). After the contract was signed and confirmed by the State Dept. China started to re-do the contract and BA price took a hit. Airbus also claimed that they won a China contract. It was said at the time that Contracts in China do not have the same commitment as in the west.

This new network is a good thing. I think both companies will be winners.

I am long asnd and have no position in nn.

Cheers..
Chris.