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

To: pass pass who wrote (27523)12/11/1997 6:05:00 AM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 61433
 
ASND: COWEN & CO. increased estimate for fiscal year ending 12/97 from $1.04 to $1.06 on 11/26/97 ASND: GERARD KLAUER decreased estimate for fiscal year ending 12/97 from $1.10 to $1.06 on 11/28/97 ASND: GERARD KLAUER decreased estimate for fiscal year ending 12/98 from $1.19 to $1.17 on 12/01/97 ASND: GERARD KLAUER decreased estimate for quarter ending 12/97 from $0.26 to $0.22 on 11/28/97 ASND: SALOMON SMITH B made new estimate for long term EPS growth of 20.00% per year on 12/04/97 ASND: UBS SECURITIES has reiterated estimate for fiscal year ending 12/97 of $1.09 on 12/10/97 ASND: UBS SECURITIES has reiterated estimate for quarter ending 03/98 of $0.25 on 12/10/97 ASND: UBS SECURITIES has reiterated estimate for quarter ending 06/98 of $0.28 on 12/10/97 ASND: UBS SECURITIES has reiterated estimate for quarter ending 09/98 of $0.33 on 12/10/97 ASND: UBS SECURITIES has reiterated estimate for quarter ending 12/97 of $0.25 on 12/10/97 ASND: UBS SECURITIES has reiterated estimate for quarter ending 12/98 of $0.36 on 12/10/97



To: pass pass who wrote (27523)12/11/1997 8:40:00 AM
From: Sector Investor  Read Replies (2) | Respond to of 61433
 
<<If it's $1.15, adios.>>

Thats ridiculous. For any tech CFO to state comfort with a higher
net earnings than 1997over a year ahead (particularly in the light
of the Asian flu) is very bullish, IMO.

In ASND's current position, the CFO knows it's better to say nothing
if he is not almost CERTAIN (and I hesitated on the 'almost') they
can make those numbers. I still find the fact he said that astounding.



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