Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.08

+1.3%

11:43 AM EST

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To: Tim Luke who wrote (8610)	8/12/1997 1:35:00 PM
From: Sector Investor	of 61433

A whole slew or Analyst comments on First Call. I will not post them but will synopsize: Furman Selz - Soft July within our expectations; estimates remain unchanged. Bear Stearns - we had expected at least 25% of revenues or $84M would come from July - Consequently the July results are well below expectations - believe much of shortfall caused by continued testing of 56K TNT modem cards in Europe - could postpone vol shpmts to late Q3 or early Q4 - recent 3COM win at telefonica of Spain points to intensified competition in Europe - some erosion of installed base possible - maintain below consensus est for Q3 of .34 and Neutral rating. UBS - July revs appear lower than normal and suggest a back-ended qtr - believe 3 main reasons; 1)European mkt continues to be weak; 2)began shpmt of 56K TNT mid-July; 3)CSCC continued integration in July (sales meeting?) - concern over inc competition, CSCC need for new products, slow GRF ramp - maintain hold. ML - recent price weakness reflects 8K filing info - mgmt's comfort level (with Q3) remains unchanged - continue to est EPS at $1.30-$1.40 for 1997 and $1.80-$2.00 for 1998. Cowen - Q3 off to a slow start - F97 guidance slightly more cautious - believe due to weak domestic demand for MAX and TNT products - believe long term demand for RAS ports slowing - ests unchanged - neutral maintained. DLJ - a little disapointed at the 8k rev nbrs - causes may inc ASND/CSCC sales force out of commission for 3-5 days of cross-training - slow Europe - est. of 0.36 a little bit at risk - no crating change. Everen - while 8K nbrs appear a bit low, not changing ests. Q3 generally slow in Europe - CSCC rev backended - 56K shipping late - does not preclude ASND from making ests. GS - Sell-off creates buying opportunity for L/T investors - continue to rec purchase - selloff was an over reaction - no info impacts L/T outlook - expect stronger carrier spending in 2nd half - no change in ests.

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