Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.55

+1.2%

12:59 PM EST

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To: sea_biscuit who wrote (22252)	11/10/1997 12:40:00 AM
From: Gary Korn	of 61433

a stock that has appreciated 25 times (@ 54) or 12 times (@ 27) from its issue price of about 2 bucks about 3 years ago, does not leave any room for disappointment. I beg to differ: In 1994, ASND has sales of $39.3MM In 1997, ASND will have sales of about $1.17B So, 1997 sales are about 30 times 1994 sales. In 1994, ASND had earnings of 9 cents/share. In 1997, ASND will have earnings of about $1.05/share. So, 1997 earnings are about 12 times 1994 earnings I think, therefore, that the appreciation in price is actually quite well supported. The company now has a p.e. of about 22. The NW sector has a p.e. about double that. Gary Korn

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