Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 205.90

-3.5%

10:43 AM EST

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To: Andreas Samson who wrote (17262)	10/10/1997 8:16:00 AM
From: Sector Investor	of 61433

<<Not quite emphasized however, was the degree to which questions toward the end of the session became more pointed, analysts more blunt in their desire for guidance on 4Q numbers and beyond. ASND would not provide any. Brothers, this is not good, IMO. Would not commit to beating 3Q results in 4Q. Wouldn't give numbers on TNT 4Q. Would not commit to equalling 1Q97 numbers ($298MM) in 4Q. 'We cannot anticipate that at this point.'>> I disagree. ASND got knocked before for painting a rosier picture than the analysts saw. Now they are showing conservatism. This is exactly what is needed for Q4 - lowered expectations that they can beat. This is very much preferable to high expectations they have to struggle to meet. Sure this will lower how high ASND will rise in the next 3 months, but I think the analysts will see the conservative change and view it as a positive. IMO, the stock will now begin a long, slow rise leading to new highs by mid 1998. Long term this is much better than the wild price gyrations of this year.

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