Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.77

+4.9%

Dec 22 3:59 PM EST

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To: Tim Luke who wrote (38371)	3/8/1998 9:20:00 PM
From: john dodson	Read Replies (4) of 61433

I hope we do gain a few points this week (that would put us above $37). However, something tells me that we'll be lucky to keep the low for the week above $30 (barring new developments)! Given the increasingly negative earnings landscape for techs (we were 3 for 3 the last 3 days of last week for profit warnings), it's gonna be real difficult for ASND not to get caught in the downdraft, even if it doesn't deserve it. Based on Gary Korn's post of this qtr being more backloaded than expected, this concerns me. Clearly ASND has taken the first step to lower expectations for the quarter. Hopefully they're just being cautious and will still prevail. However, this is starting to feel just a little bit similar to last summer when that quarter was supposed to also be a bit "backloaded". -John Dodson

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