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

To: Sparky Beardslee who wrote (43479)	4/9/1998 7:28:00 PM
From: Narotham Reddy	Read Replies (1) \| Respond to of 61433

Wall Street Journal's Positive remarks on ASND April 9, 1998 Ascend Meets Street's Forecasts, Helped by Network-Gear Demand An INTERACTIVE JOURNAL News Roundup Ascend Communications Inc. reported net income for the latest period Thursday that was in line with analysts' estimates. For the first quarter ended March 31, the Alameda, Calif., maker of network equipment reported net income of $52.4 million, or 26 cents a share, compared with a net loss of $163.2 million, or 88 cents a share, in the same period a year ago. The year-ago results included a $231 million charge for purchased research-and-development costs. Revenue, meanwhile, rose to $305.1 million from $292.7 million in the year-ago quarter. Shares of Ascend slipped 81.25 cents to $39.875 on the Nasdaq Stock Market Thursday. The results were released after the close of trading. Mory Ejabat, Ascend's president and chief executive officer, said the company continues to see strong demand for networking gear and expects growth from the consumer segment will drive demand for access ports. "We believe that the market opportunities are significant, that Ascend is well positioned within those markets, and that our strategy is sound," he said. Mr. Ejabat said Ascend's access-switching unit showed strong growth driven by demand in North America and the strength of the company's MAX TNT product among network-service providers. He added that Ascend saw increased demand for high-speed DSL products.

To: Sparky Beardslee who wrote (43479)	4/9/1998 7:44:00 PM
From: fedhead	Respond to of 61433

You gotta be kidding. This is ASND not YHOO.

To: Sparky Beardslee who wrote (43479)	4/9/1998 10:06:00 PM
From: Jeffery E. Forrest	Read Replies (1) \| Respond to of 61433

Sparky, get a grip. 5 bucks. PUHleeeease. I wish I could agree, I'd be a VERY rich man come Monday night with all the Apr 45's that I paid nothing for, but it just ain't gonna happen. ASND chart got some technical problems on the chart that will most likely have to get mended. 3 Gaps, Dark cloud cover, Overbought already, etc.