Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 220.42

+4.9%

Dec 12 9:30 AM EST

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To: Pierre Aydin who wrote (12807)	9/15/1997 4:15:00 PM
From: Intel Trader	of 61433

Dow Jones Newswires -- September 15, 1997 Ascend Off 7%; Rumor Of 3Q Pre-Announcement Cited By Janet Morrissey NEW YORK (Dow Jones)--Ascend Communications Inc. (ASND) stock plummeted 8% in heavy trading Monday as many traders cited concern the company will preannounce a third-quarter earnings shortfall after market close. The concerns were aggravated as Robertson Stephens & Co. became the latest analyst to downgrade the stock. Ascend officials weren't immediately available for comment. Investors have been worried about the company's prospects for the quarter for some time. Last week, the stock was hit after the company announced a price promotion. Analysts interpreted the promotion as a sign Ascend needed to boost sales to meet third-quarter earnings projections. Ascend shares were off 2 3/4, or 7.8%, at 32 1/2, on Nasdaq volume of 33.6 million shares, compared with average daily volume of 9.6 million,

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