Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 205.50

-1.5%

Dec 5 9:30 AM EST

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To: Scott who wrote (14978)	9/29/1997 6:59:00 PM
From: Bryan Phillips	of 61433

From briefing.com: After much anticipation, Ascend Communications finally announced that they would miss the street's earnings estimate for the third quarter... The company expects to deliver earnings of between $0.18 and $0.20 v. estimates of $0.31 and results of $0.29 in the year ago period... Production troubles, sluggishness in Europe and pricing pressures largely responsible for the shortfall... Though the stock has fallen sharply in anticipation of a bearish announcement, look for additional slippage over the next few days... However, as we detailed in a recent Stock Brief, Ascend's difficulties will prove short-lived as production problems have been resolved and demand for its wide range of products remains healthy... As such Briefing contends that short-term earnings related weakness will provide a good (re)entry point for patient, long-term aggressive growth investors... In fact, we wouldn't be surprised to see the stock start rebounding as early as next week on a sell the rumor, buy the fact reaction.

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