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: gbh who wrote (55301)	10/6/1998 10:18:00 AM
From: pat mudge	Read Replies (2) of 61433

What's your opinion on why the stock is past the toilet, and headed for the sewer? Is it still too much reliance to the top and bottom line on older TDM based products? I know the quarterly report sounds glowing, but the growth just hasn't been there. Newbridge is in the same position Ascend was back in Jan-Feb. They have to prove to the Street they can meet earnings consistently. Two quarters does not cut it for most and they're waiting for the third. The company says they're comfortable with projections and they wouldn't say that if there was any chance they'd disappoint. Their UB losses have been crippling. They've gone beyond throwing away the crutches, but the Street wants the bone to heal even further. This is exactly the place where I started buying ASND way back at 22. I then traded a few times over the next 4 or 5 months, and finally got out at 49, thinking it had gotten ahead of itself, and hearing, too, they were out of the running for LU. Nothing from the top, but good enough to make me step to the sidelines. Pat

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