Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 204.11

+1.9%

1:38 PM EST

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To: troy halle who wrote (24456)	11/23/1997 3:47:00 PM
From: Jeff Jordan	of 61433

Up of course....If not we have established a base...Ascend is not the kind of stock to go sideways long. with large investors accumulating how is it going to go down? 5mil+ shares traded in 25k+ blks? If I had neon text I would be using that. IMO January ASND is in $40's( my worst calculation is 38 7/16). With their product, this market, this sector,This is a reasonable multiple for their earnings growth. On their own future earnings capacity ASND/Cascade is worth $42+ If Lucent aquires ASND or CSCO it doesn't matter Ascend has a respectable market share/position in the network buildout. 30%-35% future growth 1998. New watch list: SMOD,NN Jeff

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