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

To: username who wrote (28943)	12/30/1997 8:07:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 61433

Gary (and Glenn) and everyone else: before this gets strange, let me say that I will call the co. tomorrow and post immediately the verbatim answer to the following question, 'I thought your earnings were due out on the 16th, and I heard yesterday that the date has been changed to the 20th. Is this true, and why?' Pete, I will be awaiting your post<G> Glenn

To: username who wrote (28943)	12/30/1997 8:50:00 PM
From: Teddy	Read Replies (1) \| Respond to of 61433

Excerpt: Top Stories: Networkers Gain, but Cisco May Be the Only Sure Bet By Kevin Petrie Staff Reporter 12/30/97 7:09 PM ET Networking stocks wafted higher amidst sleepy trading on Tuesday, but only Cisco may be having sweet dreams. Cisco (CSCO:Nasdaq) added 7/16 to end at 56 3/8; Ascend (ASND:Nasdaq) gained 3/8 to 24 and 3Com (COMS:Nasdaq) lifted 1 1/2 to 35 7/8. Despite the gains, the economic shadows creeping across the Pacific still have plenty of people worried about the sector's prospects. Which makes the leader Cisco look like the surest bet in the sector. One money manager, who asked not to be named, notes that investors seem to have eased on their tax-minded selling. Earlier this month investors were scurrying to pull out of money-losing investments and lock in a loss for the year, in order to offset capital gains they made elsewhere and reduce their net 1997 tax bill. It's not hard to spot the candidates for this practice. Ascend stock has descended 62% this year; 3Com is down 53.1%. Investors bashed the stocks when they spotted pockets of slowing growth in the networking equipment market. The research firm In-Stat released a sobering estimate earlier this month: The industry's overall rate of revenue growth slackened from 48% in 1996 to 16% in 1997. ..... By contrast, the titanic Cisco, which gained market share this year, has pleased its shareholders and mustered an index-topping 32% gain. A 7% stumble since its all-time high of 60 7/24 (split-adjusted) hasn't diminished Cisco's performance too much. In part, Cisco benefits from a simple phenomenon: Wall Street lavishes disproportionate rewards on the technology leaders. A recent J.P. Morgan report paints a simple picture: In late November, Cisco generated 31% of the industry's revenue in the trailing 12 months -- more than any rival -- and constituted 53% of the total market capitalization. And if an economic or technology downturn is on the way, Cisco may present the least risky investment. Arden Armstrong, managing director at Miller, Anderson & Sherrerd, is bracing for that scenario. .... In this sector she likes only the player with the most-reliable track records -- namely, Cisco. "What you really want is a company that is not going to miss its numbers," Armstrong says. On "faith," she has bought Cisco, which has matched or beat First Call expectations for seven quarters. Other networkers have disappointed. And some, such as Ascend, Armstrong says, may not be able to recover from the turns of another type of cycle -- a technology cycle...... Despite Monday's gains, most investors still believe that it's hunker-down time in networkerville.

To: username who wrote (28943)	12/30/1997 9:51:00 PM
From: Gary Korn	Read Replies (3) \| Respond to of 61433

Pete, Feel free to call again. I spoke with Christina this morning. She said that earnings would be out on the 20th. With a press release at 1:30 (P.T.) and a conference call later. I said to her that I had been under the impression that earnings would be reported on the 16th. She said to me "we changed the day for earnings release because a couple of people will be out of town." I frankly didn't think much of the comment (but I have the flu). Glenn did and, now, obviously, others do as well. I also received an email from Christina which confirms the earnings release date of the 20th of January. I do not want to reprint the email here because I do not have her permission. Gary Korn