Ascend Communications (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 (ASND)

ASND 217.17

+0.3%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Chris Steele who wrote (21496)	11/6/1997 11:59:00 AM
From: Chi-X	Read Replies (1) of 61433

You can see ASND's credibility problem with a comparison of Monday & Wednesday's articles: MONDAY - Reuters "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." WEDNESDAY - Reuters "Sequential revenue growth will increase closer to 10 percent in the second half of 1998, said Bernie Schneider, Ascend treasurer and corporate vice president." Monday they inferred 10% quarter to quarter growth for next two quarters. Now on Wednesday, they are saying 10% growth second half of 98. On Monday they said 10% next quarter, now Wednesday they're saying it could be 5%. That's half of what it was Monday. What's the deal!?!? The brokerages sure weren't kidding when they said ASND has a credibility problem. I think they should fire Mory. Stock would probably pop over $30 easily. Chow, Chi-X hath Spoken! "There shall be no wine, before its time."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next