Ascend Communications (ASND) Message Board

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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: Michael Bonnette who wrote (56473)	10/26/1998 1:28:00 AM
From: hitesh puri	Read Replies (3) of 61433

Just found out that the touted challenger to Ascends WAN edge switch (CBX500) from Cisco, the 8800 (Wildcat or Popeye), which was supposed to be done by 98 end has been delayed by 6 months to Q2 99. More proof that it was vaporware to keep analysts happy when they had announced the products as a challenge to Cascade products. I dont blame Ascend for being so bullish over the next 6 months and get more deals (thereby leaving very few for "the leader" Cisco) since there will still be no competition. Will make that almost 16-18 months of virtually being the sole supplier of products to rich carrier customers who tend to make the first vendor their last one. Finding it real hard to justify a disparity between ASND and CSCO multiples. Also BTW, the estimate revision to the upside by CFO Ashby did not go unnoticed. Most analysts loved that but advised clients to let traders play havoc for a while due to the lack of core switching growth (we know the reason) and strange but legal accounting. Then they are advising to be aggressive buyers. -hitesh

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