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Technology Stocks : Ascend Communications (ASND)

ASND 216.57

+5.9%

3:59 PM EST

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To: Dennis R. Duke who wrote (43476)	4/9/1998 7:19:00 PM
From: Narotham Reddy	Read Replies (1) of 61433

After the BELL - Seaway/ASND Up Thursday April 9, 5:55 pm Eastern Time AFTER THE BELL - Seaway up on Q2 results NEW YORK, April 9 (Reuters) - Shares of Seaway Food Town Inc rose 7/8 in after hours trading as the supermarket and drug store company reported strong second quarter results. Seaway traded at 28-1/4 after the bell, up from an unofficial settlement of 27-1/8 on the Nasdaq Exchange. The company reported second quarter earnings per share of $0.47 compared with $0.42 a year earlier. Shares of Ascend Communications Inc (ASND - news) traded at 39-11/16 in after hours trading, up 3/16 from an unofficial settlement of 39-1/2. Ascend reported first quarter earnings per diluted share of $0.26 compared with a loss of $0.88 per share. Shares of computer chip maker Atmel Corp (ATML - news) traded at 18-1/8 after the bell, up 1/16 from their unofficial settlement of 18-1/16 on the Nasdaq exchange. Atmel reported first quarter earnings per share of $0.18 compared with earnings of $0.38 a year earlier. The First Call consensus estimate for the quarter was $0.21. The San Jose, Calif.-based company said bookings improved throughout the first quarter. Analysts expected Ascend to earn $0.25 per share during the first quarter, according to Zacks Investment Research. The New York Stock Exchange said session one trading volume was 584,600 compared with 566,000 during the prior session. Session two volume was 1.93 million compared with 3.75 million during Wednesday's second session.

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