Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 200.28

-1.0%

Dec 3 3:59 PM EST

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To: Jeff Jordan who wrote (16285)	10/3/1997 5:07:00 PM
From: Gary Korn	of 61433

I believe his pharagraph concerning earnings being 33% below street expectations that is causing difficulty? If it was .36 for the qtr. then whats 33%.. Jeff, I believe management had guided street expectations down to about .31. Take 1/3 off of that, and you are at about .20. Beyond that, this story doesn't do much for me. I do, however, like the prior post noting the purchase of 600 Oct 40 calls in the last towards the close of trading. It's either a gamble or someone generating extra income (writing covered calls) or perhaps, the beginning of action taken on the knowledge of what is coming down on Oct. 9. Too little info. to speculate on, don't you think? Enjoy the weekend! Gary Korn

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