Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 211.05

-0.7%

Dec 1 3:59 PM EST

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To: Larry J. who wrote (40501)	3/23/1998 12:34:00 AM
From: AlanH	Read Replies (1) of 61433

A stab at fundamentals, from a "technical" options trader... Tues, 2:15-ish, COMS announces earnings. Results are reasonably close to revised expectations. CC reveals that, in addition to Asian issues, pricing pressure is increasing due to competition; current and near-term quarters will be impacted by excess inventory -- due to new technology across product lines. COMS sets expectation for controlled growth over next two quarters (aka, adjusts forward-looking earnings expectation). Irrespective of impact to COMS shares, correlation is bad for ASND. (Maybe it's a buying opportunity?)

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