Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 213.29

0.0%

Jan 2 9:30 AM EST

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To: Todd DeMelle who wrote (8910)	8/14/1997 2:25:00 PM
From: giles	of 61433

I believe the merger has put a cloud on earnings and future growth rates. Few can be sure of how it will affect the long term. The problems of ASND over the past few months have obsured things as well. The July sales have further eroded confidence. I think earnings estimates would have really tanked except ASND MGMT expressed confidence in meeting the .36 figure. Even then Montgomery lowered their estimate to .35. At this point, making their numbers may be based on faith. Ironically, I have that faith. Notice that Evergreen has lowered their long term EPS growth for ASND from 50% to 40%. And then try to reconcile that with their EPS estimates for 12/98 at 20% over their estimate for 12/97. IMHO it's now pretty much up to what the numbers show each QTR. The battle between increased competition and improved products on the part of ASND and its competitors will tell the story but it's a continuing story with a new chapter being written each week.

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