COMS & the Ghost of USRX w/ other STUFF Message Board

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Technology Stocks : COMS & the Ghost of USRX w/ other STUFF

COMS 0.00400

+185.7%

Dec 5 9:30 AM EST

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To: David Lawrence who wrote (11815)	1/20/1998 4:46:00 PM
From: Moonray	of 22053

Commenting on the Company's fourth quarter performance, Mory Ejabat, president and chief executive officer of Ascend said, "We are pleased to be reporting our fourth quarter financial results, which showed sequential growth in both net sales and net income in spite of weakness in key Asia Pacific markets. We saw broad growth in North America, with particular strength from our large Carrier and ISP customers. We also saw solid growth for our Access product in Europe. Even in Asia Pacific there were several bright spots, the most notable being China, which saw strong quarter-over-quarter growth." Ejabat continued, "We saw particular strength from our Core Systems Group during the fourth quarter. In Frame Relay, we experienced weaker demand in Asia Pacific but still showed modest growth overall driven by stronger RBOC demand. We also saw an acceleration in our ATM business, driven by both increased demand from existing customers as well as key wins from new customers. We have seen our ATM products gain broad market acceptance as ATM continues to emerge as the backbone technology of choice." o~~~ O

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