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

To: Gary Korn who wrote (26069)	12/5/1997 7:16:00 AM
From: michael modeme	Read Replies (2) \| Respond to of 61433

Dow Jones newswire reported $1.45 for FY98. The mean of the distribution of estimates for FY98 for analysts who cover ASND is around $1.24. The mode, however, is substantially higher -- this is partly due to one analyst who is estimating earnings to be $0.40 for FY98 -- highly skewing the distribution.

To: Gary Korn who wrote (26069)	12/5/1997 9:09:00 AM
From: Sector Investor	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?>> The $1.45 comes from a Dow Jones article I posted yesterday afternoon. It is probably a typo, as $1.15 is what was stated previously. However, $1.45 is probably going to turn out to be close to what they will actually do in 1998. They are being VERY conservative right now.