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

To: michael modeme who wrote (26065)	12/5/1997 6:25:00 AM
From: Gary Korn	Read Replies (3) \| Respond to of 61433

Michael Ashby ASND's CFO stated that they are comfortable with $1.05 for FY97 and $1.45 for FY98. According to the CNBC piece, Ashby is comfortable with 1.15 for 98. Anyone know which is correct? CNBC: Ashby added, however, that he thought at least one reason for the stock increase was that Ascend CEO Mory Ejabat said at a Deutsche Morgan Grenfell investor conference Thursday that the networking company is comfortable with analysts' consensus estimates of a fourth quarter profit of 23 cents a share and a 1998 profit of $1.15. Gary Korn

To: michael modeme who wrote (26065)	12/5/1997 1:11:00 PM
From: Doug Fowler	Read Replies (1) \| Respond to of 61433

Michael: The number I am seeing from the report for 1998 is $1.15 per share. Obviously, the growth from $1.05 to $1.15 is a lot lower than the growth from $1.05 to $1.45 per share. I have included the correction issued by Dow Jones yesterday. CORRECTION: Ascend Backs '98 Net View $1.15 A Shr As reported in an earlier headline, Ascend Communications Inc. (ASND) backed a consensus estimate for 1998 earnings of $1.15 a share. (The story, published at 4:24 p.m. EST, cited an incorrect figure.) "Dow Jones News Service" "Copyright(c) 1997, Dow Jones & Company, Inc."