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

To: Immi who wrote (56239)10/20/1998 4:03:00 PM
From: BMcV  Read Replies (2) | Respond to of 61433
 
You've got to be kidding me -- cnnfn says "As a result of an earnings shortfall, networking company Ascend Communications was down sharply during morning trading Tuesday" and now Reuters is reporting "The slump came despite Ascend's report late Monday that third quarter
earnings climbed to $0.32 a share, up from $0.20 a year and on par with
Wall Street expectatons."

earnings shortfall? on par?

What's going on here. We all know ASND beat estimates by a penny.



To: Immi who wrote (56239)10/20/1998 4:50:00 PM
From: zyx1996  Read Replies (1) | Respond to of 61433
 
To all: I think Wall street misunderstand the reason why ASND doing the 'loan staff'. It is because ASND want to save the revenue for the raining days. From positive side, ASND could be estimate by one cent without using those revenue, I think it is a plus not a minus. ZG


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