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


To: Warren Gates who wrote (59184)1/15/1999 1:58:00 AM
From: Alok Sinha  Read Replies (1) | Respond to of 61433
 
With Brazil looming on the horizon, I doubt LU will reach 120. I am quite happy with ASND in the 80s for now (having bought in the 30s). Intel had blow-out earnings, and you can see how the stock has been under pressure due to profit-taking. In this market I don'think blow-out earnings is a guarantee for anything. I do agree that the arb difference will come down. But don't be surprise to see LU in double digits agin if the market remains under pressure. That would b a great buying oportunity.

Alok



To: Warren Gates who wrote (59184)1/15/1999 8:09:00 AM
From: Greg R  Read Replies (2) | Respond to of 61433
 
<<They wouldn't have done the deal if one other estimates is bound to disappoint.>> Not necessarily. Remember Mattel and TLC deal. Just announced, then Mattel comes out with bad financials and drags down TLC's price along with its own.