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: djane who wrote (49938)	7/14/1998 7:32:00 PM
From: Sector Investor	Read Replies (1) \| Respond to of 61433

C'mon DJane, I was just pulling your leg! <g>. I respect you and Hitesh immensely. But with ASND the pattern seems very clear. Summer, 1997 Earnings ests up to $0.33, which ASND couldn't meet, having allowed analysts to set expectations way too high. Q3 1997. ASND warns of $0.18-$0.20 and comes in at the high end $0.20. This allowed ASND to "take charge" of their subsequent quarters, by pushing out future revenue, managing down expectations and then exceeding by a penny each time. IMO, Ashby will hold this pattern indefinitely. That's why I had no fear selling Friday at $53 (oh, a little when I saw it over $54 on Monday) or no hesitation buying back today at $49.5 on earnings "fears". I think ASND's future earnings are a "known quantity" until I read evidence of a change in fundamentals.