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Technology Stocks : Ascend Communications (ASND)
ASND 206.52-1.2%Nov 25 3:59 PM EST
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To: Jeff Jordan who wrote (39655)3/17/1998 7:52:00 PM
From: zx  Read Replies (1) of 61433
 
i think this is why ASND has been so weak this week.
DB 14:24 [BAY] BAY NETWORKS SEES ACCELAR REVS INCREASING, NEW PRODUCT INTRODUCTION
DB 14:24 [BAY] BAY NETWORKS SEES MARKET CONDITIONS TO BE COMPETITIVE IN FUTURE.
DB 14:23 [BAY] BAY NETWORKS SAYS PLEASED WITH ACCELAR PRODUCT LINE.
DB 14:22 [BAY] BAY NETWORKS SAYS Q3 CHARGE ON R&D FROM RECENT ACQUISITIONS.
DB 14:22 [BAY] BAY NETWORKS SEES Q3 CHARGE OF $154 MLN, OR 67 CENTS/SHARE.
DB 14:21 [BAY] BAY NETWORKS SEES Q3 GROSS MARGIN LOWER THAN Q2 51.5% LEVEL.
DB 14:20 [BAY] BAY NETWORKS CITES WEAKER DEMAND IN MANY CUSTOMER SEGMENTS.
DB 14:20 [BAY] BAY NETWORKS SEES Q3 REVS DOWN 10% FROM Q2 REVS OF $645 MLN.
DB 14:19 [BAY] BAY NETWORKS SEES Q3 REVS, OPER INCOME LOWER THAN PRIOR GTR.

the network stocks are seeing some problems. ag
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