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

To: Robert Scott who wrote (21240)	11/5/1997 7:12:00 AM
From: Skeeter Bug	Respond to of 61433

cisco beats estimates. good or bad for asnd? tia...

To: Robert Scott who wrote (21240)	11/5/1997 7:24:00 PM
From: Larry J.	Read Replies (1) \| Respond to of 61433

Robert, First Call has '97 earnings consensus @ $1.06. so while growth for 1998 is not zero is is pretty paltry at 13% (@$1.20). HOWEVER, $1.15 - $1.20 is extremely conservative. Zacks consensus is $1.31, and prior to the last round of analyst downgrades estimates were around $1.73. The truth probably lies somewhere between the two. For arguments sake split the difference between 1.20 and 1.73 and you get 1.47 or 38% earnings growth. This by the way is the 5 year annual growth forecast for ASND per First Call. Larry