Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.29

-2.2%

Nov 19 3:59 PM EST

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To: Glenn D. Rudolph who wrote (43614)	4/10/1998 2:44:00 PM
From: Quaddad	Read Replies (2) of 61433

I think Everen is suffering from schizophrenia. Here is what they were saying yesterday morning. ASCEND COMMUNICATIONS, INC. (ASND $40 11/16) RATED 1-1 INCREASING TARGETS TO $44 AND $49. REPORTING 1Q RESULTS AFTER THE MARKET TODAY. OUR EXPECTATION IS FOR EPS OF $0.25 ON $307.6MM IN REVENUES. The rated 1-1* stand for market outperform. The $44 and $49 are intermediate (0 - 6 mos.) and long term targets (6 - 18 mos.). They increased those, what appears to be yesterday morning. ASND beat their est. by a penny, and 24 hours later they lower the rating to a market perform. I can't make any sense out of this move. Q

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