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

To: shubh saumya who wrote (20948)	11/4/1997 9:11:00 AM
From: Sector Investor	Read Replies (1) \| Respond to of 61433

Cowen says: ASND/ EUROPEAN & ASIAN OUTLOOK CAUTIOUS. NEUTRAL Their Key Points are: ASND Expects Flat International Sales In Q4. They say the pricing Environment Likely To Show Further Deterioration. They say ASND Is Comfortable With Street Estimates Of $0.22 to $0.23 this Quarter On Strength In Domestic Business On The Strength Of Large UUNET Order. New CFO, Michael Ashby, Came From Pacific Telesis. Their channel Checks Show Dissatisfaction In Traditional ISP Channel In The US. They Maintain their Neutral Rating On ASND.

To: shubh saumya who wrote (20948)	11/4/1997 9:15:00 AM
From: Sector Investor	Read Replies (4) \| Respond to of 61433

J. P. Morgan says: ASCEND COMMUNICATIONS: TAKES A MORE CONSERVATIVE APPROACH AT AEA CONFERENCE They are reiterating their BUY recommendation on shares of ASND and their 12-month target price of $55. They say Ascend's management presented at the AEA conference, taking a much more conservative approach in its interaction with the investment community. They state that Ascend continues to see strong demand across its product lines and that ASND believes that 1998 will be a strong year for remote access and WAN switching, , but there could be some near-term quarterly lumpiness caused by interruptions in buying patterns due to large ISPs consolidating at a rapid pace. They do not believe that there is any fundamental slowdown in overall demand for remote access concentrators as new network buildouts and an ever increasing number of new network users are forcing ISPs and carriers to continue to add ports at a rapid pace. They are more comfortable with Ascend's maturing approach to the investment community. They indicated that ASND gave guidance yesterday that is well within the realm of their current EPS estimates and they expect the company to maintain this guidance throughout the quarter unless a material issue arises. They comment that this is much different from the company's historical approach which sparked speculations and expectations that have materially impacted both the company's share price and management's relationship with investors. They are optimistic about the recently hired CFO, Michael Ashby., They view the company's maturing approach to the investment community as a positive step forward for Ascend and they believe that the new CFO is a breath of fresh air that will help the company to better execute going forward. ASND is are shifting about $10 million in revenues from the first quarter of 1998 to the third and fourth quarters of 1998.

To: shubh saumya who wrote (20948)	11/4/1997 9:23:00 AM
From: joemjo	Read Replies (1) \| Respond to of 61433

Using an assumption of continued 10% sequential growth rate and your calculation method of margins, what would 1999 earnings be? I believe that the $1.20 for 98 would become $1.75. Now may we expand the expected PE to above 17.5. I understand these assumptions are projected well beyond there usefulness but I am trying to make an arguement that ASND's $1.20 for 98 should be based over a starting point of $.80 for 97 because of the last quarter. Not the $1 that will include the earlier better quarters which represented a stock priced above 50.