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Technology Stocks : Ascend Communications (ASND)
ASND 220.58+5.0%3:59 PM EST
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To: Andreas Samson who wrote (17262)10/11/1997 12:23:00 AM
From: Andrew White   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.'>>

Come on people. It amazes me how some would continue to expect the CEO to make a rosey projection again. It's not like he's completely stupid to the point of NOT learning any lessons from this quarter. He came out publicly and made some bullish projections during this quarter and look what that got him? A class action lawsuit and these MAJOR techincal breakdowns when it didn't materalize. There is NO way Mory is going to make any forward looking projections publicly anymore. NO WAY IN HELL!

Even I, as a shareholder, don't want them to make some bullish projections which they can't absolutely guarantee for the next quarter. I see this as a lesson learned and being conservative is very good for the long investing. I'm sure traders don't like it, but for the investors out there, this low key approach is very condusive to a slow, but steady rise in stock appreciation.

Andy
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