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Technology Stocks : Ascend Communications (ASND)

ASND 203.20

+1.1%

3:07 PM EST

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To: Scott who wrote (20725)	11/3/1997 3:38:00 PM
From: Bosco	Read Replies (1) of 61433

hello Scott & all - Scott, this is an exact cut from Yahoo news (see attachment.) We may want to read carefully the quote attributed directly to Mr Bernie Schneider. If revenue growth is 10% (more or less) quarter to quarter, for the next several quarters, it can only be interpreted as a qtrly rate of 10% - and thus an annual compound rate of > 40%. Is it not? rgds Bosco -- Attachment --> SAN DIEGO, Nov 3 (Reuters) - Ascend Communications Inc said on Monday it expects several quarters of unpredictable growth because of price reductions, consolidation among Internet service providers and slower international demand. Ascend, a maker of telecommunication gear for Internet service providers and online services, also said it expects revenue growth of about 10 percent sequentially from quarter to quarter for the next few quarters. ''We feel good about our long-term prospects, but we're going to see several quarters where growth will be 10 percent quarter or quarter, a little more or little less,'' Bernie Schneider, Ascend treasurer, told investors at the American Electronics Association conference in San Diego.

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