Institutions do not buy on the basis of just one quarter. The fact that this quarter is bad does not mean next quarter will be. Next quarter in my opinion may actually show higher earnings due to the UUNET order and institutions are aware of this. Hypesters are looking for an entry point to buy and they certainly will want your shares at the lowest price they can get it.
Quote of UUNET order:
ALAMEDA, Calif.--(BUSINESS WIRE)--Sept. 25, 1997--Ascend Communications, Inc., (NASDAQ:ASND) today
announced another major deployment of MAX TNT WAN Access Switches by UUNET Technologies, Inc., Fairfax, Va., the
world's largest Internet Service Provider and a subsidiary of WorldCom, Inc.
UUNET will be purchasing over 170,000 MAX TNT WAN Access Ports by the end of 1997, increasing its total dial
network capacity to more than 370,000 dial access ports. Additionally, UUNET has made the decision to deploy the Ascend
GRF IP Switch in its network, further increasing the capacity and reliability of its Internet infrastructure. This latest network
expansion further solidifies UUNET's position as the preeminent provider of Internet services globally, with over 1,000 Points
of Presence (POPs) throughout the world. |
