Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.02

-0.7%

3:59 PM EST

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To: Larry J. who wrote (24415)	11/22/1997 9:05:00 PM
From: pass pass	Read Replies (1) of 61433

The recent releases are mostly positive, however, ASND mgnt has been mostly over-optimistic. This raises the question of credibility. Do you (or fund managers) trust mgnt this time (claiming "comfortable with 4Q and next year estimates")? ASND was so positive 2 weeks before the horrible 8k filing came out, then used all kinds of spin-doctoring to cover it up. Even 1 week before 3Q ended, IR returned investors calls with extremely rosy answers (just search back this thread and see related posts about dialogs with ASND IR). I have 30 some stocks in my investing/trading list, ASND's mgnt is the only company behaving like this. BTW, isn't it strange that there hasn't been any class action lawsuit against ASND? Still long but uncomfortable, GO ASND! anyway.

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