Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.35

-1.4%

3:59 PM EST

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To: Jason W. who wrote (21332)	11/5/1997 8:10:00 PM
From: Tony Dang	Read Replies (3) of 61433

Here's the worst part of their announcement today: "Schneider also said Ascend likely will cut the list prices of its access concentrators -- a telecommunications device that accounts for about 50 percent of Ascend's sales -- by 20 to 30 percent in the next few quarters." Ascend's revenue and earnings are doomed for next quarter. What coporate buyer is going to buy concentrators this next quarter when he can wait a quarter and save 25% and be a hero. It was bonehead to announce that they were going to cut prices by that much in the near future. Customers will just push out their orders. Wouldn't you if you were a buyer? Is Schneider a rookie? He may have just caused a 5-10% drop in revenue next quarter. Anybody else see it this way? What am I missing here? TD

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