Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.15

-1.5%

Nov 20 3:59 PM EST

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To: Jeffery E. Forrest who wrote (42779)	4/8/1998 11:17:00 AM
From: Lutz Moeller	Read Replies (1) of 61433

Hallo Jefferey, contrary to briefing.com's indication asnd is on a positive move, as you indicated with your quote. The flood lifts all boats. That still doesn't say anything about coming earnings. Following said ASND on 20/01/98: "* ASCEND COMM INC executives said on Tuesday they are "comfortable" with Wall Street's 1998 sales and EPS forecasts for the networking equipment company. "We are comfortable with consensus earnings per share estimate of $0.25 for the 1Q," Michael Ashby, Ascend CFO, said during a conference call with analysts. He also said the company is comfortable with Wall Street's forecast of $1.16 for 1998. In the past two quarters, Ascend has seen its net income drop because of the delayed shipments of new products and weak sales abroad. hile Ascend will face higher costs in the first quarter when sales are seasonally weak, executives said they expect the company to get back on track in coming quarters. (Reuters 05:59 PM ET 01/20/98)" When this hold all long on ASND will be well off. I hold ASND. Lutz

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