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Technology Stocks : Ascend Communications (ASND)
ASND 209.30-1.8%Jan 6 3:59 PM EST
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To: kvogel who wrote (8581)8/12/1997 9:03:00 AM
From: Dr. Doktor   of 61433
 
From Merrill Lynch analyst comments on ASND's recent weakness:

ú Recent stock price weakness reflects recent
information contained in the 8-K filing.
ú In the document, revenues were reported at
$62.8 million and net income was $2.9 million
for the 31-day period ended July 31, 1997.
The filing was consistent with SEC
requirements.
ú July results were impacted by one week of
training and sales meetings during the month
of July as well international certification
testing of 56 Kbps modem cards on the MAX
TNT.
ú Management now expects the 56 Kbps
certification process to be completed in
August 1997.
ú Based on the results for the month of July,
management's comfort level with revenue and
EPS expectations for the September 1997
quarter remains unchanged.
ú We continue to estimate EPS at $1.30-1.40 for
1997 and $1.80-2.00 for 1998.

Recent Price Weakness ACCUMULATE*
Long Term
ACCUMULATE
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