Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.01

+1.7%

Nov 26 3:59 PM EST

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To: michael modeme who wrote (26065)	12/5/1997 6:25:00 AM
From: Gary Korn	Read Replies (3) of 61433

Michael Ashby ASND's CFO stated that they are comfortable with $1.05 for FY97 and $1.45 for FY98. According to the CNBC piece, Ashby is comfortable with 1.15 for 98. Anyone know which is correct? CNBC: Ashby added, however, that he thought at least one reason for the stock increase was that Ascend CEO Mory Ejabat said at a Deutsche Morgan Grenfell investor conference Thursday that the networking company is comfortable with analysts' consensus estimates of a fourth quarter profit of 23 cents a share and a 1998 profit of $1.15. Gary Korn

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