SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Ascend Communications (ASND)
ASND 208.59+4.1%Dec 4 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: George T. Santamaria who wrote (20004)10/30/1997 8:19:00 PM
From: Andie Wei-Ku Lin   of 61433
 
It means that Ascend's management, more specifically,
the CEO - Mory Ejabat - has been less than frank with
the investment community. He spoke of great expectations
in early Q3, only to reveal two weeks later than sales
for the first month of the Q were 0.02 versus the expected
0.12. Also, making statements to the effect of not
caring about the shareholders...(paraphrase) "I don't
run the company to satisfy shareholders"... and other
such shenanigans, which are not typical of CEO's of
first-tier corporations, of the likes of Cisco, Intel,
and Microsoft.

It is not just the sufferring individual investor who is
being neglected, but also the analyst community. The
failure of Ascend's management to communicate in an
effective and timely manner with analysts has led to a
loss of credibility with institutions.

This is all rather vague...so whoever cares to add, please do.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News