Ascend Communications-News Only!!! (ASND) Message Board

STOCKTALK

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-News Only!!! (ASND)

ASND 212.29

-2.2%

Nov 19 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: uu who wrote (453)	11/4/1997 7:47:00 PM
From: Maverick	Read Replies (2) of 1629

Ascend CFO Says Company Will Meet Earnings Estimates, Part II ''We need to produce a couple of good, credible and consistent quarters,'' said Ashby. ''Over the next two or three quarters, we'll start to rebuild the business and get back onto the growth track.'' Ascend's net income soared to $113.1 million last year from $1.3 million in 1993 before the company stumbled in the second quarter this year, when technical problems with 56-kilobit modems delayed shipments of new products. Ascend is the No. 1 maker of remote-access concentrators, used to link telephone callers into the Internet. Ashby replaced Bob Dahl, who became executive vice president and chief of planning. Ashby was previously chief financial officer for Pacific Bell, a unit of SBC Communications Inc. He was interviewed at the American Electronics Association's financial conference in San Diego. ''This is a baptism by fire at the AEA conference, meeting with investors,'' he said. --David Evans in San Diego through the New York newsroom (212)318- 2300 /ebr

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next