Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Larry Myers who wrote (27804)	12/12/1997 11:40:00 PM
From: Larry J.	Respond to of 61433

Larry, Just considering the fact that it took Furman Selz until Dec. 3 to cut their estimates for '98 from 1.80 to 1.25 pretty much tells you they've had their heads up their *****. Larry

To: Larry Myers who wrote (27804)	12/12/1997 11:43:00 PM
From: joemjo	Read Replies (1) \| Respond to of 61433

Larry, I agree, I do not care about Furman Selz or what they think. I do how ever care about ASND's sales and earnings. My question was an attempt to clarify my expectations for ASND. I own some shares so therefore I expect the price of the shares to rise. Why do I expect that? I would like to be part owner of a company which sells a good product in a market which is growing quickly so that I may enjoy the financial reward of the profit to be made. A $1.25 EPS for ASND next year seems reasonable to me and provides a basis for such an expectation. Especially one which lends itself to a pattern which if extrapulated into 1999 provides for even more future rewards. If I expected ASND to earn 20 cents a quarter for the next five quarters I would not keep them for that reason, maybe takeover or a technolgical break through, but not earnings. If these estimates are correct it will be due more to coincidence than Furman's analytical ability. Todd

To: Larry Myers who wrote (27804)	12/13/1997 7:04:00 AM
From: Glenn D. Rudolph	Respond to of 61433

I for one would not waste one second of my life concerning myself with any earnings estimates made by the biggest and best investment houses on ASND let alone a third rate outfit like Furman Selz. Larry, Your analysis of analysts estimates is correct. Not too accurate as a rule. The problem lies with the heard mentality of the market. If a big house upgrades a stock, the stock moves up and vice versa. The investor does not do their own research. I feel better too LOL although not any wealthier. Glenn