Ascend Communications (ASND) Message Board

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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: Maverick who wrote (13999)	9/22/1997 9:21:00 PM
From: Jeffrey L. Henken	of 61433

A company that is going to miss earnings estimates doesn't always prerelease a shortfall. Look at Micron today. Any earnings warning there? After the bell they released earnings. The stock traded up all day but they missed estimates by 13 cents. But for the last few weeks Mu had drifted lower. Now the stock will surely desend tomorrow. Unfortunately this really has nothing to do with ASND or it's earnings. Except for possibly in this comparison. Is it simply an example of the kind of senario which you are hoping to see happen with ASND? Will it happen? My money says no. The market does as well. The stock closing again today at the top of it's trading range is very bullish. Unlike MU after analyst's routinely downgraded it, ASND is actually showing some strength. Could that mean that ASND will meet the new lower expectations. I'd like to think so. Regards, Jeff

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