Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 220.42

+4.9%

Dec 12 9:30 AM EST

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To: X208 who wrote (12010)	9/12/1997 2:59:00 PM
From: vegetarian	of 61433

>>MarketScope, Friday, September 12, 1997 at 13:38 9/12/97 1:37 pm... ASCEND COMMUNICATIONS (ASND 36-3/4) DOWN 1, SMITH BARNEY CUTS ESTIMATES, SEES HIGHER 3Q RISK THAN PREVIOUSLY EXPECTED... Analyst Therese Murphy tells salesforce alteration of estimates priniciply due to co.'s delays in delivering their high end MAX TNT, delays delivering 56K capability... Says longer term optimistic... Cuts $0.34 3Q EPS estimate to $0.24-$0.28, $0.37 4Q EPS to $0.29... Cuts $1.35 '97 EPS estimate to $1.17, $1.90 '98 to $1.61... Says concerns have been cited regarding operation of MAX TNT product... But, says co. not losing customers... Has $56 target./K.J.Wolfe -0- ASND $ (0546) 09-12-97 01:39 PM EST<< That is some serious cutting of future earning estimates. A number of years back Kroger had a Jingle: "Listen to the scissors, cutting all around don't you love the sound of the price coming down?" Well, in this case only if you are not already holding it.

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