ASND - Discussion, but no quotes Message Board

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Technology Stocks : ASND - Discussion, but no quotes

ASND 199.96

-0.6%

Nov 12 3:59 PM EST

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To: Sector Investor who wrote (28)	9/11/1997 8:01:00 PM
From: Sector Investor	of 186

Excerpt from Mang Cheng's post on the other thread: <<Another analyst, Richard Woo of Thomson Kernaghan & Co., said there is concern that sales of Ascend's 56-kbps card have lagged due to delays in approval of the product by a European regulatory agency. "The technology demand for [K56flex] is obviously there, but the delay in terms of getting European approval is a swing factor" that could negatively affect the company's sales in the third quarter, Mr. Woo said.>> Help me understand this. ASND is down from $54 to $37 in the last two weeks because of a delay in Europe? Not lost sales? No eroding margins? No proof CSCO is knocking at the door? It seems all the revenue is still going to come to ASND, but they fear not in Q3? MMs sure are stupid if they sell for these reasons.

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