Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Sector Investor who wrote (32222)	1/27/1998 5:13:00 PM
From: Gary Korn	Read Replies (1) \| Respond to of 61433

Sector, 1. I think the Street doesn't like the low growth projected by mgmt for 1H98, even if visibility is fine. 2. I also think the Street doesn't like the 1.16 in earnings with which mgmt. feels comfortable. That is just 9% greater than 1997. I'm guessing that there are other stocks with a greater projected growth rate and decent visibility. 3. Bottom line: I think the problem, for now, is that everything is being back-loaded into 2H98. As lots can go wrong between now and then (and not just with respect to this one stock or the market in general), I'm guessing that there is a tendency to go with those stocks that are performing NOW. 4. The hoped for announcement of a new contract is the kind of thing that would change perceptions on potential earnings, but I'm starting to wonder whether this Waiting for Godot routine is getting old, and causing a lot of dead capital. As a small example, I shifted 1,000 shares from ASND to SUNW yesterday, even though it was difficult to realize my loss on the ASND side. Still, the results warranted the effort. Imagine that happening on a much larger scale, and that may indeed be the reason this stock is drifting. After-hour trades, Tue., 1/27: ASND - Transaction Log 4:40:40 S 400 28 T 4:05:54 S 30100 28 T cancel 4:39:31 S 700 28 T 4:03:55 S 1000 27.7 T 4:35:40 S 4800 28 T 4:03:46 S 500 27.7 T 4:25:34 S 1000 28 T 4:03:45 S 300 27.7 T 4:23:35 S 800 27:F T 4:03:40 S 100 27:F T 4:15:56 S 900 27:F T 4:03:13 S 500 27:F T 4:15:36 S 100 27:F T 4:03:07 S 10000 27"51 T 4:15:36 S 1400 27:F T 4:02:21 S 2000 27:F T 4:14:12 S T 28 4:02:19 S 200 27.7 T 4:14:12 S V 34653 4:02:15 S 500 27.7 T 4:11:29 S 200 27:F T 4:01:55 S 200 27:F T 4:11:28 S 200 27:F T 4:01:55 S 600 27:F T 4:07:49 S 100 27:F T cancel 4:01:53 S 1000 27:F T 4:07:30 S 100 27:F T 4:01:40 S 15000 28 Z 4:07:17 S 400 27.7 T 4:01:32 S 200 27:F T 4:07:16 S 1000 27.7 T 4:01:25 S 8200 28 4:07:16 S 1200 27.7 T 4:01:16 S 19600 27:F 4:06:37 S 800 27.7 T 4:00:44 S 100 27:F T 4:06:16 S 300 28 T 4:00:44 S 1000 27:F T 4:06:03 S T 28 4:00:18 S 300 28 4:06:03 S V 34611 4:00:16 S 900 28 T