Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 207.04

+0.7%

3:59 PM EST

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To: Sector Investor who wrote (43526)	4/9/1998 9:26:00 PM
From: FUZFO	of 61433

from CBS marketwatch: "Bullish earnings Ascend Communications (ASND) may give computer-networking stocks a lift after the company posted a net income of 26 cents a share, a penny ahead of estimates. Analysts had been concerned weakness in the company's remote access business and intensifying competition from Cisco (CSCO) would derail profits. However, Ascend remains bullish about fiscal 1998, saying it sees strong demand for its network backbone systems and expects growth in its consumer business. "Their Cascade business has been strong, so it offset weakness elsewhere," said Frank Laplaca, networking analyst at Volpe, Brown Whelan. Ascend closed down 7/8 at 39 7/8." Fuz

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