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Re: (ASCEND) Ascend stock
> > Anyone got a clue as to why Ascend's stock is plumeting? In the last 6
> > months it has gone from 55 to 25.
>
> Lack of quality regression testing if you ask me....
> Anyone Agree??
No, Wall Street is not paying attention to things like that. Not that I
disagree that there are quality problems or that they should care - just
that this is the reason why the price has dropped.
If you want to find out what investors think is going on, I would recommend
reading the NASDAQ news page. It is free and easy to use (when viewed with
a browser that supports frames).
http://www1.nasdaq.com/scripts/quote.dll?symbol=ASND&range=6&mode=News&ver=3
You'll get much better speculation that you will typically find here.
For an example of how little the real world has to do with Wall Street, here
is an excerpt from a news story on another company:
Consider what happened to Compaq Computer Corp. last Thursday. The
PC maker reported a 54% surge in third-quarter profit, which surpassed
Wall Street's forecasts, and it declared the first cash dividend in its
14-year history. Yet Compaq's stock plummeted 9%, and then lost an
additional $3.75 a share, to $69.50, on Friday.
Copyright Los Angeles Times
STOCK SPOTLIGHT / JAMES F. PELTZ
Los Angeles Times Monday, October 20, 1997
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