Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 205.50

-1.5%

Dec 5 9:30 AM EST

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To: John Meares who wrote (38158)	3/6/1998 9:08:00 PM
From: Gary Korn	Read Replies (2) of 61433

When does the 1Q end for ASND? When does the 2Q end for ASND? (Are the calendar months or offset? John, you are correct. Calendar months. 1Q98 ends on March 31. Earnings are then released on April 16 after the market closes. How will this affect the stock price for 1Q and 2Q? What is your estimate of the ASND price with the info? The information relayed to me by IR is consistent with what analysts are expecting and should not hurt or help the stock price. As I said earlier this year, I think ASND should idle in the 35ish range until strong revenue growth kicks in or becomes likely. Assuming that ASND meets the consensus estimate for 1Q98 (which seems almost a given) and in the conference call can reaffirm high single-digit revenue growth for 2Q and also can reaffirm double-digit revenue growth for 2H98, then I think the stock price will continue to creep up towards the 40+ range before 2Q earnings. To repeat, the key to me is whether the low-single, high-single and double-digit sequential growth figures remain on track for 1Q, 2Q and 2H98 respectively. Given the high demand for ATM product at the moment, and the fact that the GX550 has just recently begun to ship and bring in revenue (another item told to me by IR), I have every reason to believe that ASND will perform as Ashby promised. Gary Korn

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