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


To: Chi-X who wrote (21337)11/5/1997 7:53:00 PM
From: Taby  Read Replies (1) | Respond to of 61433
 
Chi-X,
Because todays news was "news" to the CNBC announcer, I don't think he was aware that this was announced yesterday and the market reacted positively. I think ASND's announcement is being interpreted as management being conservative.



To: Chi-X who wrote (21337)11/5/1997 7:53:00 PM
From: BAXTERBOO  Respond to of 61433
 
Know wonder they gave me the Nov 30 calls on the bid (3/8). Somebody knew something.



To: Chi-X who wrote (21337)11/5/1997 8:11:00 PM
From: Maverick  Respond to of 61433
 
All, please read ASND's Earning calculation for 9704, annual rev growth, PEG ratio in the News Only thread.



To: Chi-X who wrote (21337)11/5/1997 10:00:00 PM
From: STOCKaHOLIC  Read Replies (1) | Respond to of 61433
 
<<"Now CNBC at the 6:55pm recap, said ASND is a "Stock to Watch" tomorrow with the news of the single digit sequential sales growth. Uh oh.>>"

The Street.com leads off their Evening Update with "A warning from a sliding networker kicks off our post-close report (earnings estimates from First Call): " They're calling it a warning. Lookout BEloooooooowwwwwwwwwww.

As far as people dreaming of a take over. ASND will have to get in line behind other networkers in the junk pile (ex. SHVA). If someone is going to take this puppy over, they may as well wait for it to hit the teens. I heard the bulls saying this same crap (about buyouts) when ASND was trading in the low 40's.

Phil
"Know when to fold them. Know when to walk away" - Kenny Rogers
(and I hate country music)



To: Chi-X who wrote (21337)11/5/1997 11:04:00 PM
From: blankmind  Respond to of 61433
 
x, i do not know how it was perceived, but if you are still short, you better watch out. you may be looking at the announcement through alice in wonderland glasses, or maybe i am.