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Technology Stocks : Ascend Communications (ASND)
ASND 208.59+4.1%3:59 PM EST

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To: pass pass who wrote (15248)9/30/1997 1:38:00 AM
From: Chuzzlewit   of 61433
 
Pass pass, I'm less than thrilled with management's treatment of investors, and I feel misled. It's obvious to me that they must have had sufficient warning that this quarter was going to be bad. After all, this isn't a retailer dependant upon walk-in traffic.

Personal feelings aside, I think its important to distinguish between PR and fundamentals. For this reason I will be reading the upcomming 10-Q very closely. Some of the key questions are: 1. have gross margins eroded significantly; 2. are they losing their competitive position; 3. are sufficient R&D expenditures being maintained to insure future product development.

Perhaps I'm being naive, but I suspect that we are looking at a single quarter earnings problem and an ongoing credibility problem.

Regards,

Paul

Regards,

Paul
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