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

To: Captain James T. Kirk who wrote (26005)	12/4/1997 11:53:00 PM
From: Gary Korn	Read Replies (1) \| Respond to of 61433

You wrote:afterall,ASND can still warn, we still have 26 days of this Q to go Mr. Ashby said otherwise today (see below). Still, Asby did discount the buyout rumor, so your concern may not be unwarranted. I want to see some sort of confirmation, that talks are in progress or some such thing, or at least a continuation of heavy speculative buying in pre-market trading tomorrow: (REUTERS) Ascend <ASND.O> "comfortable" with Q4 consensus Ascend <ASND.O> "comfortable" with Q4 consensus PALO ALTO, Calif., Dec 4 (Reuters) - Ascend Communications Inc executives are "comfortable" with Wall Street analyst earnings forecasts for the fourth quarter, the company's finance chief said on Thursday. "We are fairly satisfied with the business and the outlook," said Michael Ashby, chief financial officer of the computer networking gear vendor. "We are still comfortable with fourth quarter and 1998 estimates." Ascend shares jumped $3.25, or 14 percent, to $26.875 on Nasdaq trading of 17.5 million shares, the second most active stock in U.S. markets. Ashby said Ascend's stock jumped because investors were expecting the company to warn of lower-than-expected earnings forecasts, as rivals 3Com Corp <COMS.O> and Cabletron Systems Inc <CS.N> did this week. Wall Street expects the Alameda, Calif., company to earn $0.24 a share for the fourth quarter, according to a recent analyst survey by Zacks Investment Research. Also on Thursday, fresh speculation surfaced that Ascend was about to be acquired by a larger networking vendor, such as Lucent Technologies Inc. Ashby said Ascend's policy is not to comment on buyout speculation. "It's an old rumor," he added. REUTERS * end of story *