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

To: Thomas M. who wrote (56264)	10/20/1998 8:27:00 PM
From: Killian	Respond to of 61433

Saw Mory on CNBC this AM! I agree with you Tom! Conflicting statements as far as this between Mory & Michael. Let Michael do the PR. Kevin

To: Thomas M. who wrote (56264)	10/20/1998 8:30:00 PM
From: ibrandybuck	Respond to of 61433

<"I also heard Mory say they have been doing this for years. Ashby needs to do all PR for this company."> My understanding was that, yes, they'd been doing a certain amount of vendor financing since 1993. What was new was the change to the more conservative accounting practice. And that the volume was now significant enough to worry about how they accounted for it. But yes, we have seen a bit of comedy of errors, today. It would be useful if ASND could clear things up (preferably in writing, via a Press Release), specifically addressing some of the apparent inconsistencies and analyst misconceptions. They shouldn't have surprised the analysts, even if it was a positive surprise. Hopefully, the smoke will clear and the situation will be seen as the positive it is. I'm not so sure Ashby doing all the PR for the company is the answer, though. He was a bit pointed with several analysts, yesterday...guess which ones made negative comments today?