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Technology Stocks : Ascend Communications (ASND)
ASND 200.28-1.0%Dec 3 3:59 PM EST
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To: w2j2 who wrote (1512)1/4/1997 8:55:00 AM
From: jim shiau   of 61433
 
To All:

I noticed ASND has begun the slide since Dec-12 when they made the some comment regarding the coming qtr. Can someone point out where the problem is ?

Thanks.

SAN FRANCISCO, Calif., Dec 12 (Reuter) - Ascend Communications Inc executives said they expect to end the year on a pretty strong financial note despite summer pricing pressures which slowed Ascend's blistering revenue growth.

"Revenues have been doubling year to year for about four years in a row now. We'll continue that revenue growth although not at quite the same percentage rate this year," Bernard Schneider, vice president of strategic business development at Ascend, told investors at a Montgomery Securities technology conference here.

"If you look at the units year to year the growth has been about the same. Those who follow Ascend closely will recognize there were fairly significant pricing pressures during the summer and as a result revenues haven't grown quite as quickly, but we think we'll finish the year pretty strongly," he said.

Schneider also said the company's balance sheet was in a strong position, and "We're well positioned to fund both internal growth and make any acquisitions."

Schneider declined to comment further on whether the company is currently evaluating any acquisitions or on the details of the company's financial performace in its current, fourth quarter.

-- sam.perry @reuters.com, +1 415 846 5400
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