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Technology Stocks : Ascend Communications (ASND)
ASND 209.98+4.3%Dec 11 3:59 PM EST

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To: Stewart Elliot who wrote (14629)9/26/1997 9:47:00 PM
From: MoonBrother   of 61433
 
<ASND is making it known that they won't be able to ship TNT to europe until next quarter - if so, the results could be ugly.>

So be it! By now everyone knows that this qtr's result might be a little soft. That's why all the analysts reduced their earning estimates for the qtr. That's why stock is at $36 instead of $46. But think about next qtr! With UUNet, Japan and Europe deals all kicked in, how much ASND will earn next qtr!!! I think right after Q3 result is released, you will see heavy buyings from many institutions, which should send the stock to at least upper 40s, perhaps in 50s! Now how long we have to wait for this? Does anyone notice that Q4 is right at the corner!!!

Good luck!

MB
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