ASCEND 1997 : The reasons why it will descend. Message Board

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Technology Stocks : ASCEND 1997 : The reasons why it will descend.

ASND 213.24

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3:59 PM EST

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To: Skipper who wrote (6)	1/16/1997 1:41:00 AM
From: Tiru	of 122

Leuthy, You put an excellent effort into your posting about ASND. However, I disagree with you about your comparison for the following reasons. 1. ASND can't be compared with any other networking company other than CSCO. It's Gross Profit Margins are much much more than SHVA, BAY, COMS etc.. Only CSCO comes close to this. 2. Like CSCO, they have consistently surprised market in every aspect of growth, margin etc. That's why CSCO, ASND are valued extremely high compared to their peers. 3. ASND's net income per quarter is almost where COMS's was 5 qtrs ago and increasing at a rapid rate. At this growth rate, this number (net income) would approach COMS's net income in next 3-4 qtrs. COMS's valued at $14B currently. So, on a conservative note, ASND should be valued more than $14B in next 3-4 qtrs, if they continue their pace. 4. ASND's management had great success in growing the business fast including buying/merging other company's tech. This is an asset. Look at BAY how badly they fumbled. COMS, CSCO have been fairly successful in making money with merged companies/tech. etc.. Later, TB

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