Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 202.23

-4.2%

Dec 2 3:59 PM EST

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To: K.Martin who wrote (15612)	9/30/1997 2:54:00 PM
From: Maverick	of 61433

ASND seems to have strong support at $32. Now that the FUD for this qtr is over, we need to look for the 4Q97 consensus EPS. The bar may be significantly lowered. Much of the buying decision may hinge on how hard or easily ASND will make the next estimate. If it is lowered to $0.20 - $0.25, I think ASND can meet it. Don't forget that next week Networld & Interop 97 will be held in Atlanta. Usually, NW sector goes up the week after that, coupled w/ the fact that window dressing is over by tomorrow. ASND may go up during the next few weeks. So far, ASND only falls 9.57 %, which means much of the bad news is already factored in thanks to the nice NTT & UUnet cushion built by Mory and the team. I am glad that Mory didn't scourge the customers trying to make this qtr respectable. Instead he threw away this qtr so that the order pipeline is not depleted.

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