View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
July 17, 1997updated 05 Sep 2016 1:06pm

ASCEND SEES PROFITS AHEAD AFTER CASCADE ACQUISITION

By CBR Staff Writer

Ascend Communications Inc’s interim results have suffered this year following costs relating to the $3bn acquisition of Cascade Communications Corp (CI No 3,131), although it doesn’t think future results will be affected. The company reported a midterm net loss of $212.2m on Tuesday (CI No 3,204). The integration of Cascade into Ascend is apparently well under way and some areas complete, although 250 staff have been shed in the process. The Alameda, California-based wide area network specialist says the job cuts will result in significant savings to prevent next quarter’s results from suffering. Ascend has also announced that its chief financial officer and vice president, finance, Bob Dahl has accepted the position of executive vice president, planning, but will continue to oversee the company’s daily finance operations until a replacement is found.

Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU