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

To: Larry J. who wrote (21237)	11/5/1997 3:49:00 AM
From: Larry J.	Read Replies (1) \| Respond to of 61433

ASCEND CFO SAYS COMPANY WILL MEET EARNINGS ESTIMATES: Ascend Communications Inc.'s new chief financial officer, Michael Ashby, said the company will meet earnings estimates this quarter and next year as it cuts expenses and lowers prices. "The company will be able to maintain its (profit) margins through both cost reductions and changing the discount levels that are offered to some of their major customers," said Ashby. He expects to meet estimates of $1.15 to $1.20 a share in earnings next year. Ashby said gross profit margins are now targeted at 62 percent to 64 percent for 1998, down slightly from the company's historic 65 percent margin level. THIS IS ALL GOOD!!!!!!!!! What more could you be waiting for (except for Gary's buyout @ $48+). Yesterday everyone was freaking out regarding the price / margin cuts. CFO just confirmed that margins will slip by a point or two. BIG DEAL! Larry