Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 199.63

-1.4%

Dec 18 3:59 PM EST

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To: WBendus who wrote (8531)	8/12/1997 11:00:00 AM
From: Zoltan!	of 61433

>>"1) Last quarter the company was squeezed to make the quarter, and they did." Actually, they didn't. Go to First Call: www1.firstcall.com ASND is currently listed as a "Negative Surprise" W/E 7-18-97 Further, DOW JONES is still reporting that ASND failed to meet estimates. I'll take DJ and First Call over "shoot from the hip" CNBC for accuracy. "Last month, Ascend reported a second-quarter loss of $48.8 million, or 26 cents a share, as a result of the cost of integrating Cascade and another acquired company -- Whitetree Inc. Without the acquisition costs, Ascend would have reported earnings of $62.4 million, or 31 cents a share, four cents below Wall Street's expectations. Sales in the quarter were $311.7 million, up 52% from the $205.6 million recorded by the combined companies a year earlier. The costs of the mergers reduced net in the second quarter by $111.3 million, or 57 cents a share." - Dow Jones Newswires Regards

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