Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 201.40

+2.3%

Dec 10 3:59 PM EST

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To: 4-UR-Eyes-Only who wrote (14934)	9/29/1997 6:11:00 PM
From: Gary Korn	of 61433

Here is a stab at a price. The stock traded at 54ish in July when earnings were to be .36 a share. Assume .19/share instead. If you multiply .36 (the old estimate) by .525, you get .19 (the new mean estimate). So, if you multiply 54 by .525, you get about 28 3/8. I don't think 28 3/8 will hold, though. Gary Korn

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