TO ALL -
BARRON's 8/18, pg MW4, "LAST WEEK THE TECHNOLOGY SECTOR emitted mixed signals, with some segments looking particularly troubled. ASCEND COMMUNICATIONS, a maker of modems and networking hardware, descended 4 to 45 7/16 after disclosing in an SEC filing that sales in the month of July hit $62.8 million, producing profits of two cents a share. Estimates for the full quarter were running at about 36 cents a share, with sales of about $335 million. At the July rate, Ascend won't get there."
ASND will have to make up .07 in Sept and Oct; .035 is over 25% above estimates for Sept. and .035 is over 17% estimates for Oct. ASND will have to make 21% over estimates to meet it's quarter. (July 25% (.09), Sept 25% (.09), Oct 50% (.18)
So, without any 'news,' if the analysts' original estimates are correct, ASND will miss it's number by 21%. |
