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

To: djane who wrote (43922)	4/13/1998 2:12:00 AM
From: S. Chiang	Respond to of 61433

From Briefing (for 4/13): Ascend reported Q4 net of $0.26 a share, a penny ahead of the First Call mean view, versus $0.31 a share in the year-ago period... Quarterly revenues rose 4.1% to $305 mln... Forward looking statements should give investors something to smile about as company sees strong demand for network backbone systems for the remainder of 1998, and sees strong growth in the consumer segment of its business... With the exception of Cisco, networkers ended little changed on Thursday, but that shouldn't be the case today as the group should get a lift from Ascend's news...