Ascend (ASND) descending? Message Board

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Technology Stocks : Ascend (ASND) descending?

ASND 209.30

-1.8%

Jan 6 3:59 PM EST

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To: Dee Jay who wrote (157)	6/19/1996 1:56:00 PM
From: Matthew Shapiro	of 313

You have to reflexivly buy in these situations. Silicon Investor was overwhelemed last night, but I have time for a quick message. CFO came out and said yesterday that he was "extremely confident" of meeting analysts expect of Rev $102-115M. Wanted to squelch rumors. This means they have already sold $115. My forecast may be a touch omptimistic, but is within reach. Company will want to surprise. Deepak, you have excellent point. I am running down a breakdown. I am pretty sure finished goods are listed at cost. Still, all previous inventories had the same probability of the less desirable mix you mentioned. I am sticking to my target. Yes some institutions sold, even into today. However they know as much as we do. Good buying has come in, huge volume yesterday and today is great sign. This sort of event is not unusual. Later, I want to discuss the dealer organization on NASDAQ, because unlike NYSE, the system does not generate enough liquidity in a sell-off. It makes days like yesterday worse than they should be. Please post thoughts on this. Matthew

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