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Technology Stocks : Ascend Communications (ASND)
ASND 196.01-0.8%Nov 10 3:59 PM EST
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To: john p. carney who wrote (20677)11/3/1997 2:08:00 PM
From: James A. Shankland  Read Replies (1) of 61433
 
Thanks, John. OK, so they're saying:

-- 10% revenue growth per quarter (==> 46% annual??)
-- uneven profit performance due to price pressure

I'm still not sure about that first item, which sounds inconsistent with the rest of the story (slowing demand, consolidation, etc.).

If they really mean 10% annualized revenue growth, then I think only acquisition prospects support the current stock price, which, btw, is now 26 1/2. But to repeat myself, I think acquisition is now a necessity, and likely.
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