Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 217.17

+0.3%

Nov 18 3:59 PM EST

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To: The Phoenix who wrote (56269)	10/20/1998 9:43:00 PM
From: gbh	Read Replies (3) of 61433

OG, the point was made that these are small CLEC's that are getting these loans. Hardly a dent in the $370M quarter total. Also, until we see one of these loans actually turn into bad debt, we should give ASND the benefit of the doubt in regards to this business practice. Of course, Wall Street doesn't, and I'm not sure they should. Their job (especially in this market) is to be cautious. I think the downgrades today were less related to this loan business, and more related to genuine skepticism about future Q's, and being able to achieve next years targets. This company is not that different than XYLN right now. Apparently, growing at a rate better then the industry, and delivering consistent earnings, but getting little respect. Lets face it. No networker gets the respect of CSCO. Gary

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