Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.98

+4.3%

3:59 PM EST

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To: The Phoenix who wrote (32754)	1/31/1998 10:36:00 PM
From: Gary Korn	Read Replies (2) of 61433

ASND has not/is not growing their revenues at the market rates. This is why the stock is trading off right now. Of course they may "right the ship", but until they show consistent growth they will continue to lag the market. Gary, YTD 1998 ASND is up 20.7% and is 3rd among the 18 network-related stocks I track (even with management explicitly guiding the market to low single digit revenue growth in Q1). YTD 1998 CSCO is up 13.1% and is 4th among the 18 network-related stocks I track. It looks to me as if both stocks are doing well so far this year and that neither currently is lagging the market. I'm also wondering what will happen when/if ASND grows revenues in the double-digit range for each of quarters 3 and 4, and potentially for all of 1999. Gary (Korn) P.S. This had to happen that we would be posting to one another. Let the confusion begin!

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