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


To: Daniel W. Koehler who wrote (31931)1/23/1998 8:04:00 PM
From: Jan Crawley  Read Replies (1) | Respond to of 61433
 
Hi Daniel:

I fully agree with your post.

However, If Asnd does not BOOK all products upon their shipments; rather recognizing them as they move thru the channels into end users' hands ? If both Inventory and AR are decreasing ? Then management is "managing" future earnings in a positive and conservative manner.

I do not have all the number and facts yet, This is just a suggestion at this time.

Regards



To: Daniel W. Koehler who wrote (31931)1/23/1998 9:08:00 PM
From: Jurgen  Respond to of 61433
 
Am I missing something here? I got my CPA in 1976 but haven't practiced in a while

No, you're not missing something. Your CPA knowledge is up to date.



To: Daniel W. Koehler who wrote (31931)1/23/1998 10:50:00 PM
From: Sector Investor  Read Replies (2) | Respond to of 61433
 
<< Am I missing something here? I got my CPA in 1976 but haven't practiced in a while. >>

No. I just responded to Maverick's post which contained the misstatement. I was just pointing out that A/R levels are about the same the last 3 quarters. Unshipped product to new contracts doesn't show up.