Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 204.41

-1.0%

Nov 14 9:30 AM EST

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To: Chuzzlewit who wrote (43500)	4/10/1998 9:45:00 AM
From: Jeff Jordan	Read Replies (1) of 61433

pardon me for saying so, but the numbers didn't look that great to me. I particular, I was disturbed by only a 4% rise in revenues and a drop in gross margin year over year. Didn't that bother anyone else? Paul, I didn't like the no. I was expecting .27 but wanted to be surprised. What happened to 10% sequential growth? Now they are comfortable with $1.15? No way! I see Ascend trading below 35 again soon. I'm buying puts Monday if we hit anything between 43-45. Jeff

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