Ascend (ASND) descending? Message Board

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Technology Stocks : Ascend (ASND) descending?

ASND 213.29

0.0%

Jan 2 9:30 AM EST

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To: who wrote (138)	6/13/1996 4:55:00 PM
From: Deepak R. Ghosh	of 313

To All ASND Followers: These rumors are doing a awful lot of damage when the stock has been volatile for the last couple of days after the Cabot fiasco. I have a strong suspicion that some short sellers are engaging in this activity, after getting burned in this stock for the last 18 months. I would become defensive if the price breaches $58 in the short term. Somebody posted in this thread that Infoweek said that ASND pulled in $90 million in one month. Please post the complete excerpt for others to read. I saw a lot of big trades on Lombard today, but it did not look like the long-term holders are leaving. Again who knows? Any opinions are welcome. By the way the First Call consensus estimate for the June quarter is $0.19. The consensus for Sept is $0.21, but ASND will take a charge for NETSTAR in this quarter. IBD never updates their estimates on a regular basis and confuses readers constantly on earnings. If the NETSTAR aquisition is a pooling of interests, won't there be some tax benefit and restating of net income (higher)? Can somebody throw light on that. Deepak Ghosh

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