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Technology Stocks : Ascend Communications (ASND)

ASND 212.33

+1.1%

Nov 28 9:30 AM EST

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To: Duke who wrote (56206)	10/20/1998 12:29:00 PM
From: Thomas M.	Read Replies (1) of 61433

... analyst Paul Johnson wrote in a research note Tuesday morning that the loans should be included in the quarter's financial performance as a cost of doing business. "The net result, in our opinion, is that earnings were 30 cents per share, not the 32 cents reported ... This is contrary to my understanding of the financials. I thought the loans were not listed as an extraordinary item, but rather were included as a cost under the SG&A section, and thus are included in net income. biz.yahoo.com Tom

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