Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 207.27

-0.8%

12:17 PM EST

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To: Mark Duper who wrote (57812)	12/3/1998 9:40:00 PM
From: Mark Duper	Read Replies (1) of 61433

ot PAIR Pairgain Technologies (PAIR:Nasdaq) said it sees fourth-quarter revenue and operating earnings coming in significantly below expectations. The 18-analyst forecast called for earnings of 16 cents a share vs. the year-ago 17 cents. Pairgain said continuing price erosion in the T1 access sector and the loss of primary supplier status at a regional Bell operating company for its HiGain T1 access products hurt its earnings. The company also named Michael Pascoe its new CEO.

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