Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 205.50

-1.5%

Dec 5 9:30 AM EST

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To: STOCKaHOLIC who wrote (14957)	9/29/1997 6:28:00 PM
From: Gary Korn	of 61433

1996 earnings for the quarter were .29. The new number will be 1/3 less. The stock traded at 64ish one year ago. One-third less would be 42. Won't happen, but those are the ratios. In an earlier post, I suggested 28 3/8 for an opening price (based on the .36 cent July estimate and the .19 cent October actual, in relation to the stock price in July). Gary Korn

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