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Technology Stocks : Ascend Communications (ASND)
ASND 199.96-0.6%Nov 12 3:59 PM EST

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To: john dodson who wrote (25274)12/2/1997 11:49:00 PM
From: Gary Korn  Read Replies (1) of 61433
 
Look, I don't know the answers either, but to go offering assurances that any company will make numbers is outright LYING!

John,

Maverick has consistently been among the most accurate and reliable contributors on this thread. Furthermore, his post about 23cents was quite consistent with that from another contributor to the thread who had just heard from an analyst that the company was indicating about 23cents and 290MM sales. (You can dig up that post, I'm too tired tonite to dig through old posts).

ASND got dragged down today by downgrades to the chip sector, CS earnings and, now, a warning by COMS. Can't really blame the company for that. If anything, it seems to me that the company was one of the first to get its order flow problems behind it. At this juncture, although it is difficult day by day, you just have to give it time.

I'm sure Maverick is as exasperated as the rest of us. Having gotten the bad 3Q behind us (one in which ASND still earned 20cents/share), it is tough to suffer, now, through the bad fortunes of those who have bad quarters ahead of them. Ultimately, the earnings will drive the price up, if ASND is independent long enough for that to happen.

Gary Korn
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