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Technology Stocks : Ascend Communications (ASND)
ASND 197.59-0.8%Nov 7 9:30 AM EST
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To: alex pierson who wrote (55989)10/16/1998 11:47:00 PM
From: The Phoenix   of 61433
 
Alex,

in the report is said CSCO was beating expectations for Q3:

OG
***************
From Credit Suisse First Boston:

MMC Networks (MMCN)
· Cautioning about near term flatness in revenue as older products fall off
and Asian woes continue. 1999 EPS reduced 10-15% to range of $0.45-
0.50 from $0.55 previously on 12% revenue reduction given low starting
point of Q4-99.
· Design-ins at still strong but orders weak leading to resumption of top line
growth by Q1-99. MMC is seeing increasing interest from major network-ing
vendors (potential new OEMs) but not expecting revenue until 1H-99.
· Cisco business is in good shape with business running ahead of plan for
Q3; Q4 still a wild card but relationship strong and have secured an addi-tional
design with Cisco.
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