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Technology Stocks : Cisco Systems, Inc. (CSCO)

CSCO 76.28

+0.1%

3:59 PM EST

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To: Zoltan! who wrote (15057)	7/14/1998 5:09:00 PM
From: djane	Read Replies (1) of 77400

ASND 12.8% net income sequential growth (which would seem to be more important, don't ya think...) and continued strong demand in North America. Should be able to support a PE multiple expansion. CEO previously said sequential growth in 2H98 would be in the teens. Don't you know that briefing.com is always wrong? What was the CSCO net income sequential growth last quarter? Ascend Communications Reports Second Quarter 1998 Financial Results Business Wire - July 14, 1998 16:47 ALAMEDA, Calif.--(BUSINESS WIRE)--July 14, 1998--Ascend Communications, Inc. (NASDAQ:ASND) today reported financial results for the second quarter ended June 30, 1998. Second quarter net sales were $327.4 million and net income was $59.1 million ($0.29 per share on a diluted basis). Compared to first quarter 1998 results, this represents sequential growth in net sales and net income of 7.3% and 12.8%, respectively.

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