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Technology Stocks : Ascend Communications-News Only!!! (ASND)

ASND 233.71

-0.7%

Jan 26 3:59 PM EST

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To: laleh who wrote (487)	11/6/1997 3:54:00 PM
From: Gary Korn	of 1629

Excerpt from Rockwell earnings statement: (COMTEX) ROCKWELL: Rockwell 1997 earnings up 12 percent ROCKWELL: Rockwell 1997 earnings up 12 percent NOV 6, 1997, M2 Communications - Rockwell International Corporation (NYSE:ROK) today reported 1997 earnings per share from continuing operations increased 12 percent to $2.94 per share from $2.63 per share in 1996, before acquisition-related special charges in both years. The related income from continuing operations for 1997 increased to $628 million over comparable income of $572 million in 1996. Sales increased seven percent to $7.8 billion in 1997 from $7.2 billion in 1996. Fiscal fourth quarter earnings per share from continuing operations before acquisition-related special charges amounted to 81 cents in 1997 compared to 80 cents in 1996. The related income was $169 million in 1997's fourth quarter, down slightly from $174 million in 1996. The increase in 1997's fourth quarter earnings per share reflects the company's continuing stock repurchase program. Sales for the 1997 fourth quarter totaled $2.1 billion compared to $1.9 billion in 1996. . . . - Semiconductor Systems earnings were 30 percent lower in 1997 on approximately the same sales. Earnings as a percent of sales declined to 14.6 percent in 1997 from 20.7 percent in 1996, due primarily to the highly competitive transition to the business' new high-speed K56flex personal computer modem which has accelerated price reductions, particularly on the older V.34 modem. . . . * In September, Rockwell Semiconductor Systems achieved a significant milestone as the unit installed base of K56flex surpassed that of the 3Com/U.S. Robotics x2 technology. According to information contained in the Dell'Oro industry report, a single Rockwell-based ISP equipment supplier - Ascend Communications - had alone shipped and upgraded more K56flex central-site modem ports than x2 ports shipped or upgraded by 3Com. This does not even take into account significant K56flex port shipments by other major K56flex-based ISP equipment suppliers, including Cisco, Microcom, Shiva and Livingston. K56flex is offered by a large majority of the world's top modem makers and, according to DataQuest, is supported by PC manufacturers who account for over 70 percent of all PCs sold worldwide.

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