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


To: Think4Yourself who wrote (27895)12/14/1997 9:57:00 PM
From: Douglas V. Fant  Respond to of 61433
 
Ken, I did not pay attention to which brokerage house (I believe Prudential), but on my Daily Zack's Market Report issued on Friday that brokerage house confirmed an average estimated 50% annnual growth in revenues for ASND for the next five years.

Anyone else subscribe to Zack's daily Reports can coinfirm that number from Friday's posting? That rate is substantially higher than 10% to say the least.

When I go into work tomorrow afternoon, I'll check and repost the report if I did not erase it from my e-mail system....

Long on ASND.

Sincerely,

Doug F.



To: Think4Yourself who wrote (27895)12/15/1997 4:40:00 AM
From: Joseph Pareti  Read Replies (1) | Respond to of 61433
 
that 's exactly my understanding, 35 - 40 bucks a share
would be a shame.

>The industry growth is slowing
>to 16% next year. Ascend is one of the few
>players expected to grow faster than the
>industry. Ascend's earnings estimates are
>currently based on 10% growth
>(Ascend guided
>analyst short term expectations
>down a month ortwo back).

this puzzles me though. Is this larger
growth rate a sustainable one or
rather reflecting "back-loaded quarters"
and hence compensating the 3Q1997 shortfall ?