Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 208.64

-2.0%

Jan 8 3:59 PM EST

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To: Narotham Reddy who wrote (7631)	7/29/1997 7:51:00 PM
From: Sector Investor	of 61433

<<I searched all the news..>> ASND was up today because of a Merrill Lynch report on ASND management's comments at a west coast seminar. Next stop mid 60s folks. A quick scan of the thread dosn't show this news. No link, so here are excerpts from First Call Research Notes: 1) ASND revised their financial model and increased the operating margin goal from mid-high 20's to high 20's. Although gross margins are the same in both models, SG&A as a percent of revenues declined significantly. 2) In terms of near-term revenue outlook, management commented that they are optimistic about sequential revenue growth in the September quarter, with "no slowing in sight." 3) Regarding investor concerns with the PSI relationship, management indicated that the current mix of concentrator ports at PSI indicates 40,000 ports for ASND and 1,000 ports for 3COM (USRX). We are expecting a press release from the company with further comments on this relationship. 4) Management indicated that they are comfortable with the revenue outlook in Europe for the second half of 1997. 5) Management expects double-digit sequential growth for frame relay switches and even stronger growth for ATM switches.

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