Ascend (ASND) descending? Message Board

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Technology Stocks : Ascend (ASND) descending?

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To: damniseedemons who wrote (42)	5/10/1996 9:09:00 AM
From: Deepak R. Ghosh	of 313

Sal: 9 brokerage firms follow ASND, and all of them revised their earnings estimates upward after the earnings release. As it stands now, FY 95 = 0.28 (actual) FY 96 = 0.79 estimated FY 97 = 1.15 estimated (this number is too far away and is subject to change) Over the last 2 months I have seen the FY 96 number go from 0.60 to 0.79. Sal, what worries me is that ASND never participated in this NASDAQ rally like USRX, CSCC,and FORE. Neither did CSCO, BAY, and COMS. Today CSCO may do well. The fundamentals have not changed, so I have no explanantion. the only explanation that I have is that lot of the momentum money has been chasing other things such as IOMG, IDID, AMER, etc. What do you think? Deepak

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