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Technology Stocks : Ascend Communications (ASND)
ASND 213.06+1.5%12:05 PM EST

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To: michael modeme who wrote (26065)12/5/1997 1:11:00 PM
From: Doug Fowler  Read Replies (1) of 61433
 
Michael:

The number I am seeing from the report for 1998 is $1.15 per share.

Obviously, the growth from $1.05 to $1.15 is a lot lower than the growth from $1.05 to $1.45 per share.

I have included the correction issued by Dow Jones yesterday.

CORRECTION: Ascend Backs '98 Net View $1.15 A Shr

As reported in an earlier headline, Ascend Communications Inc. (ASND) backed a consensus estimate for 1998 earnings of $1.15 a share.

(The story, published at 4:24 p.m. EST, cited an incorrect figure.)

"Dow Jones News Service"
"Copyright(c) 1997, Dow Jones & Company, Inc."
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