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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: Bosco who wrote (2185)	11/5/1997 8:48:00 AM
From: Iris Shih	Respond to of 37387

Hi Bosco, Yes, a short break keeps me from trouble. I am still mostly in cash and wait to get back in again soon. Regarding asnd, I still think it needs to find its new bottom and rangebound for a while. I am in no hurry to catch the absolute bottom yet. Let it show me some strength and accumulation and I'll be in for the long haul. Found this article: Ascend sees price cuts, slowing growth SAN DIEGO, Nov 3 (Reuters) - Ascend Communications Inc said on Monday it expects several quarters of unpredictable growth because of price reductions, consolidation among Internet service providers and slower international demand. Ascend, a maker of telecommunication gear for Internet service providers and online services, also said it expects revenue growth of about 10 percent sequentially from quarter to quarter for the next few quarters. ''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.'' **If they are telling the truth this time, we might still get plenty of time to get into asnd. As intc, since I bought them from low teens to 30+, I'll just sit through its trough this time. A lot of restructuring going on right now. Iris

To: Bosco who wrote (2185)	11/5/1997 11:35:00 AM
From: Rick C.	Read Replies (1) \| Respond to of 37387

Hi Bosco and All~Looks like Cisco doing its part to bootstrap the networkers again so far. Hope it continues. Even NN benefits. Regards, Rick Wednesday November 5 9:58 AM EST Networkers up after Cisco beats estimates NEW YORK, Nov 5 (Reuters) - Cisco Systems Inc led a rally in computer networking shares after the company's fiscal first quarter earnings beat Wall Street estimates. Late Tuesday, the San Jose, Calif.-based company said it earned $0.59 a share in the quarter, excluding one-time items, against $0.47 a year ago. Analysts expected Cisco to earn $0.52 a share on an operating basis, according to First Call. Shares in Cisco climbed 1-11/16 to 85-1/8 and were Nasdaq's most active in early trading on Wednesday. Fellow networkers Ascend Communications Inc (ASND), 3Com Corp (COMS) and Bay Networks Inc (BAY) also gained ground. Traders said Cisco's results appeared to allay some fears for the group that arose after Newbridge Networks Corp (NNC.TO) warned of weak second quarter results. However, Cisco's powerful industry position left some reluctant to draw broad conclusions from its results. ''This may just be a case of Cisco again flexing its muscle and showing its dominance,'' one trader said. Ascend shares gained 7/16 to 25-3/4 and 3Com gained 1-1/8 to 44-3/4. Bay Networks rose 5/16 to 35 and Newbridge Networks' NYSE-listed shares (NN) rose 13/16 to 49. Copyright c 1997 Reuters Limited. All rights reserved.