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

To: Duke who wrote (38179)	3/6/1998 9:34:00 PM
From: Gary Korn	Respond to of 61433

In speaking of earning, the estimate is .25 on 389M shares that means we're looking for at least 99M net profit for this Quarter, am I correct? is there any early whisper number yet? If they can beat the street by 2 cent or more, I see ASND at 45 or more by the end of April. Duke, 1. There are 200MM shares. So .25 x 200MM = $50MM net profit. 2. Ashby told me in January that he will hit the .25 cent number (he used that number back then) and would save the rest for later. He tends to throw in another penny (he did so last time), so I'm looking at .26 1/2. I don't believe the whisper number will be much higher, and I know that ASND guided pretty tightly last quarter. 3. ASND 45 at the end of April? I'm really bad at this prediction stuff. If they kick-ass during the April 16 conference call about ATM, then 45 is possible and sustainable. Otherwise, perhaps we will have to wait for closer to 2Q98. Gary Korn