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Technology Stocks : Ascend Communications (ASND)
ASND 217.17+0.3%3:59 PM EST
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To: Pat Hughes who wrote (26897)12/8/1997 3:37:00 AM
From: Joseph Pareti  Read Replies (3) of 61433
 
to all :

provided I understand correctly the following facts
the outlook for ASND is VERY bullish :
(source con call notes posted by Gary Korn
in October 1997)

- Mory is "confortable " with consensus estimates
for the quarter, that means for fy1997 sales will jump
from 550M to 1.2B, same SG&A expenses

- about same grosss margin

- 14% higher R&D expenditures

In that perspective the past quarter shortfall would appear
as a "minor glitch", and the company is now focussing its
dollar revenues to further develop on their key strengths
such as remote access, giga-bit switching, etc.

Even though Motley Fool plays down the merger
with LU ( citing profit dilution,
operating model in flux )
I would not bother much about it.

In the long term it
may be better if the merger FALLS through,
because ASND potential is surely more
that 40 bucks a share :-)
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