Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 220.42

+4.9%

Dec 12 9:30 AM EST

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To: Randall Stern who wrote (15696)	9/30/1997 6:13:00 PM
From: hpeace	of 61433

here's a hold MarketScope, Tuesday, September 30, 1997 at 09:23 9/30/97 9:15 am... DOWNGRADING ASCEND COMMUNICATIONS (ASND 35***) TO HOLD FROM BUY... Co. pre-announced Q3 revs. of around $260M, EPS between $0.18-$0.20... Significantly below our $320M rev. target and $0.31 est... ASND cited weak European and Japanese sales, problems with rolling out new 56K product line... Concerned about apparent lack of management credibility and insufficient guidance... With customers waiting for resolution of 56K standards battle in January, near-term visibility limited... Also, expect Cisco's new remote access product to take market share... Lowering '97 est. to $1.20, see $1.60 for '98. /A.Tuncer

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