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

To: jach who wrote (37959)	3/6/1998 7:31:00 AM
From: FUZFO	Respond to of 61433

from breifing.com Brief: Networkers were caught in the market downdraft, with 3Com, Ascend, Cisco and Newbridge leading the retreat... The earnings uncertainty which has weighed on the group over past few months resurfaced with the early warnings... But pullback in this industry expected to be relatively light given that much of bad news has been factored into prices... Group also stands to benefit from proliferation of cheap PCs as it will increase demand for networking, thus explaining Intel's expansion into this arena... 3Com restating charge associated with US Robotics merger and adjusting FY97 and FY98 earnings... FY97 earnings changed to $1.41 from $1.69.