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

To: gbh who wrote (56107)	10/19/1998 10:36:00 PM
From: Paul A	Respond to of 61433

Welp, something more to think about I guess.. Interesting, I dont believe we traded at 46 after hours... 46 1/2 just after announcement, than 48 7/16 and its final trade was 47 13/32. All in all the trading was unusually light even for a 'typical' after hours session which means everyone was waiting to see what would be said in the c.c. .. perhaps the article should also mention asnd traded as high as 48 7/16 after hours before settling to 47 13/32 on very thin volume.. nah- that wouldnt add that extra spice!

To: gbh who wrote (56107)	10/20/1998 12:33:00 AM
From: bucky89	Read Replies (3) \| Respond to of 61433

Most curiously, Ascend wrote off an $8.7 million loan to an unnamed customer rumored to be a new "competitive local exchange carrier" or CLEC, a breed of new carriers that have high capital expenditure budgets but face tough times with financing these days. The sale of equipment from this $8.7 million loan was NOT counted into Ascend's revenue this quarter. Rather, Ascend took a reserve against the entire amount of this loan. This is one of Ashby's innovative ways of bagging earnings for future quarters. He can reverse this loan at his option in the following quarters to make his numbers. That's $8.7M/200M shares = $0.04 per share right there that he is bagging for future quarters. bucky89

To: gbh who wrote (56107)	10/20/1998 12:37:00 AM
From: Kent Rattey	Read Replies (2) \| Respond to of 61433

<The remote access sales grew 29% from the prior quarter and rebounded to nearly half Ascend's revenue stream.> How does this happen? This reverses the revenue trend of the last few quarters, which have shown increasing domination by the Cascade ATM business. A pretty sudden turn around in remote access without any prior mention from management(that I can recall). Did they explain this on the conference call? I think the street is still a little suspicious of ASND, and we're heading a little south from here. What happened to any surplus that would be reported in the third quarter? If their hiding revenue and paying patent infringment money to LU, they can't be expecting to be acquired. I guess I was hoping for a little more than a penny. Kent