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

To: Sector Investor who wrote (31338)	1/21/1998 1:48:00 PM
From: Maverick	Read Replies (3) \| Respond to of 61433

ASND has a lot deferred rev. going forward as indicated by the AR of $234.183 MM, inventory is low at $99.637 MM. This is what the financial community calls "revenue dance" which helps manage the earnings and Wall Street. In another word, the co. deliberately cuts off the rev at a level to either meet or slightly exceed the estimate to show that the co. future earnings is predictable thereby improving visibility which is the key word. MSFT has been masterful at it for it usually has a huge deffered rev. every qtr. This is the financial maturity (translated fiduciary responsibility towards shareholders) Mike brought to the co. I never expect the stock price to jump to $40 quickly but gradually - of course, barring something unexpected. We need to set our expectation accordingly. Patience is the virtue. Going forward, I think the co. will try to consistently beat the cons. est. by 1 or 2 pennies. This is visibility the Wall and Main St has asked for. We finally got what we wanted, didn't we ? Keep watching the News Only for contract wins, product and strategic developments.