Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: P2V who wrote (20778)	11/3/1997 5:42:00 PM
From: Peter Yang	Respond to of 61433

How high would ASND go if today's news is like this: SAN DIEGO, Nov 3 (Reuters) - Ascend Communications Inc said on Monday it expects revenue growth of about 10 percent sequentially from quarter to quarter for the next few quarters. Even though the actual growth for the next few quarters is hard to predict because of price reductions, consolidation among Internet service providers and slower international demand, "ASND is still going to see several quarters where growth will be 10 percent quarter or quarter, a little more or little less," as commented by Bernie Scheider. ''We feel good about our long-term prospects, but we're going to see several quarters where growth will be 10 percent quarter or quarter, a little more or little less,'' Bernie Schneider, Ascend treasurer, told investors at the American Electronics Association conference in San Diego. Schneider said Ascend likely will have to reduce the list price of its access concentrators -- telecommunication devices for online services that accept calls from customers' modems -- between 20 to 30 percent in the first half of 1998, amid more competition from rivals such as Cisco Systems Inc (CSCO), 3Com Corp (COMS) and Bay Networks Inc (BAY). He also said the wave of acquisitions of Internet service providers by phone companies is making demand less predictable domestically. ''I see the company saying that their long-term prospects are good, and their short-term prospects are unpredictable,'' said William Rabin, analyst at JP Morgan who attended the Ascend presentation. In the third quarter, Ascend reported revenue and earnings that were well below what Wall Street was expecting. Ascend had particularly slow sales in July, the first month of that quarter. Schneider said Ascend is ''off to a better start this quarter than last.''