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

To: Edward J. Edwards, III who wrote (43324)	4/9/1998 4:43:00 PM
From: Dr. Frank Antwerpes	Respond to of 61433

Ascend Communications, Inc. Condensed Consolidated Statements of Operations Unaudited (In Thousands, Except Per Share Data) Quarter Ended March 31, 1998 1997 Net Sales $ 305,114 $ 292,740 Cost of Sales 109,810 102,387 --------- --------- Gross Profit 195,304 190,353 Operating Expenses: Research and Development 40,988 34,668 Sales and Marketing 67,339 53,241 General and Administrative 10,044 9,089 Purchased Research and Development -- 231,100 --------- --------- Total Operating Expenses 118,371 328,098 Operating Income (Loss) 76,933 (137,745) Interest Income, Net 4,964 5,276 --------- --------- Income (Loss) Before Income Taxes 81,897 (132,469) Provision for Income Taxes 29,525 30,772 --------- --------- Net Income (Loss) $ 52,372 ($163,241) ========= ========= Net Income (Loss) Per Share - Basic $ 0.27 ($ 0.88) ========= ========= Net Income (Loss) Per Share - Diluted $ 0.26 ($ 0.88) ========= ========= Number of Shares Used in Per Share Calculation - Basic 192,849 185,812 ========= ========= Number of Shares Used in Per Share Calculation - Diluted 203,245 185,812 ========= ========= ========= =========