Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 213.29

0.0%

Jan 2 9:30 AM EST

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To: Sector Investor who wrote (8512)	8/12/1997 12:54:00 PM
From: Maverick	of 61433

Montgomery Securities issued internal comments to its sales force saying that ASCEND COMM INC.'s earnings for the first month of the 3Q appear to be lower than expected, a Montgomery source said. The source said that an 8K filing by Ascend listed the company's sales and net income for the month of July, which Montgomery calculated to equal about $0.02 a share. Noted the earnings are less than a third of Montgomery's estimate for Ascend's 3Q of $0.36 a share. First Call consenses estimate is also $0.36 a share. Said Montgomery had made no immediate changes to its rating or EPS estimates on Ascend. (Reuters 11:27 AM ET 08/11/97) * ASCEND COMM INC said it had consolidated net income of about $2.9 million for the 31-day period ended July 31, 1997. In a filing with the SEC, Ascend also reported consolidated sales of about $62.8 million. No comparable figures were available for the Alameda, California-based company. (Reuters 12:11 PM ET 08/11/97)

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