Ascend (ASND) descending? Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend (ASND) descending?

ASND 209.11

-1.7%

Dec 26 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Dee Jay who wrote (282)	7/1/1996 5:58:00 PM
From: Matthew Shapiro	of 313

Ascend: Turkey Time. Ascend is priced as if it will only match estimates. It is locked in this base. Failure tokeep pace with the market, if it continues, cannot be ignored, but keep in mind the severe damage the price sustained. Due to this damage, I think the short term failure to move with the market is a less compelling justification for abandoning the investment than others may argue. Still, the longer the price stays here, the greater the chance it will indeed go lower before rising. Nevertheless: It is possible the recent comments by Ascend was a preannouncement of tepid earnings. Everyone ask Ascend if this is the case, they have an 800 number. They must clarify the uncertainty introduced by the continued depreciation, especially since they were compelled to comment on the price movements with a vague statement. Companies are required to immed notify investors of any business development which has the potential to adversly affect the market for the stock. Ascend must tell us--now--if earnings will be within the current estimates, and no higher. Matthew

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next