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: Gary Korn who wrote (20938)	11/4/1997 8:33:00 AM
From: David Lawrence	Respond to of 61433

Looks like it's Newbridge's turn on the firing line: KANATA, Ontario -(Dow Jones)- Newbridge Networks Corp., a manufacturer of computer networking products, late Monday said it expects net income for its fiscal second quarter ended Nov. 2 to be 10% to 15% less than first-quarter earnings per share. For the first quarter ended Aug. 3, 1997, the company posted net income of 37 Canadian cents a primary share and 34 Canadian cents a diluted share. In U.S. dollars, Newbridge Networks (NN) posted first-quarter net income of 26 cents a share. Kanata, Ontario-based Newbridge Networks said it expects second-quarter revenue to be about equal to first-quarter revenues of C$435 million. The company said revenue for its time division multiplexer business is expected to be about equal to the business' revenues for the first quarter. The company said wide-area network packet revenue, made up of frame relay and asynchronous transfer mode systems, are expected to increase sequentially by about 15% compared with the first quarter. The mean estimate of analysts surveyed by First Call is for net income of 31 U.S. cents a share for the second quarter. For the second quarter ended Oct. 27, 1996, Newbridge Networks posted net income of C$62.8 million, or 37 Canadian cents a primary share or 36 Canadian cents a diluted share. In U.S. dollars, the company posted net income of 36 cents a share. Final results for the second quarter are to be released on Nov. 25.

To: Gary Korn who wrote (20938)	11/4/1997 8:34:00 AM
From: JOHN BAIN	Respond to of 61433

Gary, you appear to be betting the farm that ASND will be taken out very soon. Why are you so confident that ASND is an attractive merger candidate? With increased competition from CSCO and COMS, product transition problems and the Cascade merger, ASND seems to have alot of baggage.