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Technology Stocks : Ascend Communications (ASND)
ASND 202.96-2.8%Jan 9 9:30 AM EST
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To: Narotham Reddy who wrote (11045)9/9/1997 9:37:00 PM
From: Maverick   of 61433
 
The qtr is very backend loaded. Even ASND mgmt doesn't know until the last day of qtr. There is still significant risk here. Therefore, they only made comments on what they knew which was weak Europe sale. I expect analysts to revise EPS downward some more to reflect the fact that some large orders could slip in the last few days of the qtr. Buyers, BEWARE!!! The fat lady hasn't sung yet.
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