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Technology Stocks : Ascend Communications (ASND)
ASND 205.50-1.5%Dec 5 9:30 AM EST

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To: Trina who wrote (19687)10/29/1997 3:36:00 PM
From: Jeff Mills   of 61433
 
CSCO is a short sell.

Their product/name is not worth $55 Billion dollars--which is what their stock is worth. Not when USRX+COMS is only worth $14 Billion and ASND is just over $5. They do not have this kind of dominance on the industry. Too much competition+price pressure. Sure they dominate highend, but at most, CSCO should be valued at $30 Billion. Last time I looked they have trailing sales of $6.5 Billion.

In the type of market enviroment we have today, Cisco will not last long selling at a price to sales ratio of $8.70. $8.70 in stock for every $1 Cisco sells in product--with SE Asia in crisis? Are you nuts? The stock will get hammered if they come in light this Q or warn going forward.
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