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


To: Kumar Nathan who wrote (28951)12/30/1997 9:31:00 PM
From: Glenn D. Rudolph  Respond to of 61433
 


Glen: I think there is another big fiasco yet to happen. I think this is the first quarter of
the new CFO on the job. Within 2 days on the job he came out and told that they will
meet the numbers.


Kumar,

I suspect someone was following the numbers prior to his taking the position. He typically worked for firms that were acquired. I found that odd.

IMO ASND has one
big problem. They dont communicate well both among themselves and to their investors.


This is true. I do feel they are improving that based on replies I get from IR. Never use to get replies. They may have learned a lesson.

Glenn



To: Kumar Nathan who wrote (28951)12/30/1997 9:32:00 PM
From: Inga  Read Replies (2) | Respond to of 61433
 
Can ASND management issue a warning after new year if there is any earning or revenue shortfall still? Ashby must know whether the company made estimates or not by now. Since they are quiet, I hope that the results may not be as bad as you might feel. Even if ASND management does not communicate well with their investors, it would be absolutely suicidal to have a negative earning surprise again. This would surely DESTROY the company stocks for a long time.
Cheers,