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We had compatibility problems with their hardware, and found them slow
to fix things- If you use all ascend its great, but does not
fare so well in a mixed enviornment-
We have changed to cisco.
The user viewpoint does not always move the market, but
I expect their equipment problems to slow them down.
rcb
Nicholas Pishvanov wrote:
>
> Bob wrote:
>
> <The price has been cut in half in the last 4-5 months (similar to
> 3com), today was another gasp down. Both are heavily traded NASDAQ
> stocks. If earnings will be nearly $3 in 1998 then this seems like it
> could rebound to $50 soon. Any thoughts?>
>
> BOB: Maybe, perhaps. But the big factor is Fear and Loathing. ASND has
> lost all credibility with analysts and portfolio managers. For the time
> being, they are "snakebit". ASND has the habit of repeatedly introducing
> the street to "Ms Rosy Scenario". Time and again, Rosy always turned out
> to be a tramp. Earnings for the quarter were trashed (again). Other than
> that, the entire group is weak. Even CSCO, the bellweather of the group,
> is very weak. After earnings estimates turn out to be overstated , ASND
> has a habit of making "plausible excuses" for poor performance. Their
> guidance to analysts has been poor, to say the least. After a street
> analyst gets burned twice or even three times he, she, or it looks
> elsewhere for ideas.
> From a technical standpoint, it has looked horrible since February. Even
> a relatively uncomplicated set of indicaters from Worden 2000 pointed to
> heavy distribution and unforseen problems. You have a choice: Take the
> sick dog to the vet's and wait for it to be nursed back to health, or just
> shoot it. At these levels, we might even see a "dead dog" bounce, who knows?
> Cramer, who is a manager of a hedge fund and writes columns in
> www.thestreet.com had an amusing article on ASND recently. After being
> burned repeatedly in ASND trading, he publicly "took the pledge" and swore
> off playing with ASND permanently (he says).
> I also swore off ASND for the time being, but look at it and the
> technicals every day with lurid fascination. It's like looking at a
> swaying cobra. Someday I might try to bite it before it bites me. Be
> careful. It's tough to pick a bottom on a despised stock that is in a
> free-fall!
>
> Good trading,
> Nick
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