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

To: Jeff Jordan who wrote (43889)	4/12/1998 8:15:00 PM
From: Gary Wisdom	Read Replies (1) \| Respond to of 61433

Jeff, good thing no one reads CBS Marketwatch. The estimate was $.25, not $.27. I'm always amazed what a poor job some news rags do. Guess we'll find out how many people do read it tomorrow. <ggg>

To: Jeff Jordan who wrote (43889)	4/12/1998 8:50:00 PM
From: username	Read Replies (1) \| Respond to of 61433

Jeff, I could be wrong, but I believe the confusion arises from the "diluted" (new) accounting and the "undiluted" (old) accounting. The consensus was indeed .25 (diluted) and .27 (undiluted). ASND reported .26 (diluted) which was indeed a penny over. Most people are now going on the "diluted" number, which is troublesome only in that it can be confusing (there are now 2 numbers, not one) and it is difficult to know if the past numbers have been corrected to reflect the new accounting method. Overall, I like the idea of a "diluted" number since it gives a more accurate picture in theory, but I hope that it will not be construed as a "creative" vehicle. I'm not sure when the new "diluted" numbers are scheduled to be the only numbers.