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

To: Jeff Call who wrote (56185)	10/20/1998 10:59:00 AM
From: w2j2	Read Replies (2) \| Respond to of 61433

Jeff, you said: "What Ascend did for their financing is ULTRA CONSERVATIVE and conforms to GAAP. I would have absolutely no question "AS TO THE QUALITY OF THE EARNINGS" either in the current period or future period based upon how they treated this financing contract. I also tried to give an example of what deferred revenue means. BTW I am a non-practicing CPA. Any analyst who would downgrade ASND based upon how they handled this financing (and I believe ASND indicated that financing is involved in less than 5% of their contracts) is a complete idiot." I think this whole episode today is an attempt to buy ASND at a cheaper price...IMHO wj