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

To: Chuzzlewit who wrote (60934)	4/27/1999 7:10:00 PM
From: Mr.Fun	Read Replies (3) \| Respond to of 61433

There were three key issues that held earnings to consensus: 1. R&D expenses spiked more than 11% higher than December. This was attributed to Stratus integration issues and guidance was given that R&D would retrace from the current 16.3% of sales to about 15% in the next couple of quarters. 2. Share count was nearly 4% higher than previous guidance due to options activity around the LU merger. 3. Stratus revenues were down $15 million or so sequentially. RAC was up 45% YoY and Core switching was up 72% YoY - not too bad. oops, a fourth issue - 4. Deferred revenue balance increased AGAIN - I guess Mory didn't want (or wasn't allowed ) to go out in a blaze of glory. The street will yawn over these numbers.