Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.50

+0.5%

Nov 21 9:30 AM EST

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To: joemjo who wrote (27803)	12/12/1997 10:59:00 PM
From: Larry Myers	Read Replies (3) of 61433

Todd, I for one would not waste one second of my life concerning myself with any earnings estimates made by the biggest and best investment houses on ASND let alone a third rate outfit like Furman Selz. This company has earnings estimates as far out as a year from now (quarter ending 12/98). In the networking industry as in so many others, no one including the networkers themselves have a clue what they will earn a year out. How often I have seen one of them lower their estimates on a company's earnings by .01 per share. This is just for the sake of making a negative comment on a company for reasons intended to benefit only themselves. Also notice the timing of their downgrades. A good example is the truckload of downgrades released this week on Oracle after (of course) the company released earnings that missed the target. Some of these so called analysts were upgrading Oracle just a week ago. Whew......... I feel much better now. Best to all, LJM

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