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

To: Diamond Jim who wrote (56059)	10/19/1998 4:47:00 PM
From: gbh	Respond to of 61433

.32 with the run up that has just happened, is not good enough, not even close. Whisper was .34, if there is even a hint of negative forward looking, back to mid 30's. jim, don't be so sure of that. market sentiment has definitely changed, and cautious CC is "business as usual" these days for ASND. I look for a mild selloff tomorrow (actually, just hoping so I can buy back a little cheaper), but wouldn't be surprised to see a rally. Gary

To: Diamond Jim who wrote (56059)	10/19/1998 4:47:00 PM
From: Duke	Respond to of 61433

Ascend 3rd-Qtr Profit Rises 65% on Sales to Phone Companies Alameda, California, Oct. 19 (Bloomberg) -- Ascend Communications Inc.'s third-quarter profit surged 65 percent as the No. 5 computer-networking company sold more of its powerful computer switches to phone companies. Ascend said profit before charges for the quarter ended Sept. 30 rose to $66.1 million, or 32 cents a share, from net income of $40.1 million, or 20 cents, in the year-earlier period. The company was expected to earn 31 cents, based on the average estimate of analysts surveyed by First Call Corp. Sales of the company's asynchronous transfer mode, or ATM, switches, were up sharply from a year ago and now contribute about half of Ascend's revenue. Telecommunication providers are using the equipment to handle increasing data traffic clogging their networks. ''The company is gaining share in the (telecommunications) switching market,'' as said Nikos Theodosopoulos, an analyst at Warburg Dillon Read who rates Ascend ''buy.'' Revenue rose 37 percent to $370.3 million from $270.4 million a year ago. Ascend shares rose 15/16 to 47 7/8 in trading of 8.8 million. The company announced the results after the close of U.S. trading. 16:37:37 10/19/1998 Any redistribution of Bloomberg content, including by framing or similar means, is expressly prohibited without the prior written consent of Bloomberg L.P. Any reference to the material must be properly attributed to Bloomberg News. The information herein was obtained from sources which Bloomberg L.P. and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any securities or commodities.(C) Copyright 1998 Bloomberg L.P. BLOOMBERG, Bloomberg News, Bloomberg Financial Markets, Bloomberg Television, Bloomberg News Radio are trademarks, tradenames and service marks of Bloomberg L.P.