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

To: Maverick who wrote (935)	1/16/1998 10:52:00 PM
From: Sector Investor	Respond to of 1629

Reinforcement of Maverick's comments Message 3191774

To: Maverick who wrote (935)	1/16/1998 11:19:00 PM
From: Sector Investor	Respond to of 1629

Synopsis of todays BanaAmerica ROBERTSON STEPHENS (BARS) upgrade. BARS upgrades to buy from long term attractive. They raise their 1997 EPS estimate from $1.02 to $1.06 [indicating a $0.24 Q4], and their 1998 estimate from $0.87 [ridiculously low] to $1.17 [still very conservative]. The also mention a 1999 estimate of $1.43 [which is likely what we will hit THIS year, IMO] BARS makes some very strong positive statements. BARS says that they believe ASND is emerging as one of the important network companies trying to modernize wide-area networking access with advanced digital products in the same way that Cisco Systems and Cabletron have simplified the structure and enhanced the capability of LANs. BARS says that ASND is expected to report earnings results that will be in "the high-end of expectations". They add that they believe the results will show an "improvement in the quality of earnings in the quarter, both in terms of A/R and inventories. BARS expects that ASND will report that visibility on demand has improved greatly. BARS expects street estimates to increase after earnings. BARS cites an excelleration in demand for ASND's core switching products, primarily the CBX500 and GX550 ATM switches. BARS says that recent discussions with carrier customers have indiced that demand for core ATM products is starting to accellerate, and that the GX550 is potentially a "killer product". BARS comments that they believe that ASND's CBX500/GX550 could emerge as one of the few CRITICAL components within next-generation networks. BARS also indicates a more stable pricing and unit demand environment for ASND's RAS/RAC products and also CSCC's STDX 8000/9000.