Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 220.58

+5.0%

Dec 12 3:59 PM EST

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To: Quaddad who wrote (43621)	4/11/1998 8:34:00 PM
From: Glenn D. Rudolph	of 61433

ASND beat their est. by a penny, and 24 hours later they lower the rating to a market perform. I can't make any sense out of this move. Quaddad, I good analyst uses a business model in projecting sales, profits and stock price. I am not stating that the analyst for Everen is good or is not good. I do not even know the name. It is possible that the earnings report, DSO, inventory levels, etc. or the conference call had information that did not fit was well with the business model. That could account for the downngrade. I never saw the Everen business model for ASND so really have no idea. Glenn

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