Ascend (ASND) descending? Message Board

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Technology Stocks : Ascend (ASND) descending?

ASND 213.30

-0.1%

3:59 PM EST

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To: Matthew Shapiro who wrote (147)	6/14/1996 5:27:00 PM
From: Deepak R. Ghosh	of 313

Matthew: What nakes you think that next qtr rev will be 160-180 mil. That is 90-100% qtr to qtr sequential growth which is unbelievably fantastic. Further if ASND makes 180 million, EPS should be higher: 0.33-0.35. I do not beleive that can happen. Do you have any solid information to back it up. Analysts are estimating that ASND will make about 450 million in rev this year. If you use a 20% sequential rev growth (conservative estimate for ASND), according to your model, the following should happen: 1Q: 91 million actual 2Q: 160 million (Matthew est.) - 78% growth 3Q: 192 million - 20% growth 4Q: 230.4 million - 20% growth FY 96 REV = 91+160+192+230 = $673 million. Do you think that the entire analyst community missed this number by $200 million. The current FY96 EPS estimate is $0.79. Based on the above rev model it should be = $1.19 (which is the current FY97 consensus estimate). This means that the entire analyst community underestimated earnings by 50%, UNBELEIVABLE. Until last year, analysts used to underestimate ASND's earnings by a wide margin. Now they have gotten better. Matthew, although I would like for you to be right, I cannot agree that such a stupendous growth is possible in 2Q. However, I will be happy if that happens. Let me any other info you get. COWEN ANALYST, CHRIS STIX INITIATED COVERAGE OF ASND TODAY WITH A BUY RATING. GOOD NEWS IN A SLIGHTLY MORE STABLE DAY. THERE WAS A 250,000 SHARE TRADE TODAY EARLY IN THE MORNING. I AM GUESSING IT IS A BUY BECAUSE THE STOCK DID NOT BREAK SUPPORT. Deepak Ghosh

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