Under Rob's leadership, Ascend became the leading manufacturer of Point of Presence boxes (POPS) for Internet providers. Rob describes Ascend's business as selling the picks and shovels for the Internet gold rush. Ascend has grown from zero sales in 1989 to over 500 million sales in 1996. In 1995, the last year Rob served as CEO of Ascend, the stock was acknowledged as the best performer of the year on all of Wall Street returning a whopping 721% (Business Week, December 25, 1995; pp. 126-127). If you had invested in Ascend two months after the IPO, you would have gained 3,223% one and three quarters years later (Investors Business Daily August 30, 1996; p. A3). At the end of 1995, Rob won the Entrepreneur of the Year award for Northern California (including Silicon Valley). |