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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?


To: Scott who wrote (20742)11/3/1997 4:21:00 PM
From: Peter Yang  Read Replies (1) | Respond to of 61433
 
What is ASND's real intention by issuing that news?

A warning? not likely since everyone already believes that ASND is not doing great now and this is reflected in the stock price - a 52 week low. They don't need to do that.

A cautious good news? Looks like ASND is trying to cautiously brag that a growth of 10% qtr to qtr is still expected amid all those negative factors. But many people read it differently. Some news reporters even reported it wrong. They reported a 10% growth rate for next few years!!! The street still has very negative bias towards ASND. ASND got to be careful how to word its news releases.

It's probably a good idea for ASND coming out to clarify any misunderstandings.