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

To: pass pass who wrote (26673)	12/6/1997 4:49:00 PM
From: jeff wheatley	Respond to of 61433

Someone posted the correction issued by DJ, buried somewhere in the 500 posts a day. To futher complicate, from MF: "This renewed merger enthusiasm comes right after Ascend's management issued comments yesterday. These comments were the first positive things Ascend has had to say in weeks. Ascend's new Chief Financial Officer(CFO) Michael Ashby confirmed that the company expected to meet fourth quarter estimates of $0.23 EPS. Many short-sellers who expected Ascend to miss for a third straight quarter began to cover, so this news initiated a buying spree. Ashby also reiterated the company's guidance that it would make fiscal 1998 EPS estimates of $1.23, prompting even more good feelings." Have to take all these estimates with a grain of salt. To me the real question is whether ASND will pull out of this lull. If they do manage to get it together, by the time it's reflected in earnings, the price of the stock will be well off its lows. For me it comes to taking the chance at some reasonable point and getting out fast if it looks like it's going wrong.