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: Quaddad who wrote (43621)	4/10/1998 2:50:00 PM
From: gbh	Respond to of 61433

Could it based on the < 1% revenue shortfall? Hard to believe.

To: Quaddad who wrote (43621)	4/11/1998 8:34:00 PM
From: Glenn D. Rudolph	Respond to of 61433

ASND beat their est. by a penny, and 24 hours later they lower the rating to a market perform. I can't make any sense out of this move. Quaddad, I good analyst uses a business model in projecting sales, profits and stock price. I am not stating that the analyst for Everen is good or is not good. I do not even know the name. It is possible that the earnings report, DSO, inventory levels, etc. or the conference call had information that did not fit was well with the business model. That could account for the downngrade. I never saw the Everen business model for ASND so really have no idea. Glenn