Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 197.59

-0.8%

Nov 7 9:30 AM EST

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To: HammerHead who wrote (20854)	11/3/1997 11:03:00 PM
From: Jeff Mills	Read Replies (2) of 61433

Robert-- From how the NN press "warning" reads it appears their quarter is going to be light: Their CFO said "We are disappointed in the results for the second quarter." I think Cisco reports tomorrow. If they come in light and/or warn going forward, we could see ASND, CSCO, COMS, etc facing further declines. As early as Wednesday morning, Cisco could be on an exercise program to work off that $56 billion waistline that it put on over the summer. But certainly this NN news does not help the sector (although its not that bad, as sales seem to be fair). It does make JP Morgan look very stupid though, as they upgraded NN to buy today. They were the reason it surged about 10% on the day. But, as usual, they had no clue what they were talking about based on this press from NN tonite.

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