<Higher earnings than last year, addition of CSCC
and less than half the price? This HAS to be a winner long term -
or am I missing something?>
SI, this "ancient" item from Bloomberg (it was posted almost 3 weeks ago, internet infinity) sure suggests, to me, that you are not missing a thing:
Manila, Aug. 25 (Bloomberg) -- Ascend Communications Inc.
expects sales to remain brisk in Asia as telecommunication
carriers expand their services, an executive said.
``Our most rapid growth .. . is probably occurring in China,
Philippines and Thailand, as these are the markets that are
really beginning to implement remote access and switching
technology in an effort to build their telecommunications
infrastructure,'' Jeff Gustafson, Ascend's marketing manager for
the Asia-Pacific region, told the Bloomberg Forum.
The Alameda, California-based company makes products used by
telephone companies and Internet service providers to build
networks.
Though regional estimates for the whole industry are
unavailable, Gustafson said, growth in the remote accessing
network market in Asia Pacific, excluding Japan, may grow from
between $100 million to $150 million this year to as much as a $1
billion in the next five years.
Ascend estimates it has cornered about 75 percent of that
market. Asia comprises about 20 percent of Ascend International's
sales, which in turn contributes about 40 percent of Ascend
Communications' total business, said Ken Kan, the company's
general manager for South Asia. Ascend's net sales in 1996
totaled $549.3 million."
There is more, particularly more positive info on the CSCC contribution in Asia. But daily market machinations aside (I promise not to post quotes on this thread), the fundamentals are incredible. (Sometimes stocks go on sale)
Gary Korn |
