Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 196.81

-4.9%

Dec 9 3:59 PM EST

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To: pass pass who wrote (26640)	12/6/1997 12:48:00 PM
From: satish kamat	of 61433

pass pass: IMO for now ASND is better off by itself, though in long term ASND needs a partner. Recent annoncements confirmed what we all knew: this was a fire sell due to CSCC integration-pains, product transition, ROK's bungling of 56K transition, some TNT issues and soft Japan. This was further compounded by the year-end tax selling and lack-of near-term visibility. Going forward, we will see ASND's improving visibility along with ATM wins. Full scale shipping of TNT MAX to Europe and Japan in Q1 along with gains in Chinese market should propel 98 eps to $1.45 or further. The first confirmation of this should be on Jan 20 earning announcement. I wouldn't be surprised if we see more than $300 MM in revenues with handily beating $0.25c eps estiamtes. This should propel ASND on its own merit to 40-50 range by Q1 end. At thiat time I would like to see the bids by LU/NT/CPQ. By that time revenues may be runnung ar run rate of $1.6 B. For now, its a good trading play with a long term position.

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