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

To: Maverick who wrote (31432)	1/21/1998 2:47:00 PM
From: username	Respond to of 61433

<Patience is the virtue.> Mav; your words are precise and concise. With the daily stock price fluctuations, one can get caught up in the emotional swirl. There is a day trader in the same building I'm in that, (no kidding), sometimes forgets that some people hold a stock overnight. IMHO, ASND has excellent senior management, superb engineeers, and killer products. Other companies do too. Competition is what makes the market strong; there is room for more than one player. I can use myself as an example of what's coming up in the next 2 or 3 years. One year ago, I had never seen the Internet. Now, I'm on it almost every day, and so is my wife. My 2 year old kid knows how to turn the box on and off and check for e-mail! My 9 year old daughter makes Art on her Mac. That's zero to four in twelve months. I converse with my siblings on a more frequent basis. My sister just started her own business on the Internet. At work, Mr. G keeps buying more gear just to keep up, and his favorites are CSCO and ASND. There's room for everybody that wants to play fair. The Internet is changing the planet. Like when the printing press was invented, no lie. I love it. thanks again, Mav. pete

To: Maverick who wrote (31432)	1/23/1998 3:51:00 PM
From: Sector Investor	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 strategidevelopments.>> Maverick, it took me a few days to reply back on this post. I did some checking on ASND's A/R and Inventory levels the last 3 earnings reports, and this is what I see: Quarter A/R Inventory Q496 $185,094 $ 68,544 (CSCC omitted) Q297 $237,185 $ 96,939 Q397 $236,478 $125,142 Q497 $234,183 $ 99,637 They don't look any better (just on this) than they did at the end of Q2 - and we all know about Q3. How do you (or anyone) interpret these numbers?