Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.15

-1.5%

3:59 PM EST

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To: Chi-X who wrote (21316)	11/5/1997 7:21:00 PM
From: Jason W.	Read Replies (3) of 61433

Chi-X: No wonder this Company has a MAJOR credibility problem. And I'm sure I'm not the only one confused by the Company's contradictory statements, just one day apart. From Tuesday: "We feel good about our long-term prospects, but we're going to see several quarters where growth will be 10 percent quarter to quarter, a little more or little less," Bernie Schneider, Ascend treasurer, told investors at the American Electronics Association conference in San Diego. See biz.yahoo.com From today: ASND's treasurer said Wednesday sales will increase between five and 10 percent each quarter sequentially for the next two quarters. "Sequential revenue growth will increase closer to 10 percent in the second half of 1998", said Bernie Schneider, Ascend treasurer and corporate vice president. ''We see revenue increasing in the mid- to high single-digit range for the next couple of quarters,'' he said. It seems that no one inside the Company knows whats going on. This is pathetic. It would almost be better if they didn't make any statements at all. JasonW

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