Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.44

+1.9%

12:39 PM EST

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To: JOHN CHEN who wrote (26291)	12/5/1997 12:59:00 PM
From: S. M. SAIFEE	Read Replies (1) of 61433

To ALL. ASND is worth $ 37.50 if you apply same PE ratio of 32 as CSCO for 89 earnings. Why would ASND sell out even @ 42. ASND used to go for forward PE of 40 before last quarter. Come January more likly 56Kflex will be industry standard that should give significant boost to networking stock including ASND. NWX shoulg get back to 340 area. Why wouls ASND sell out at this rediculous pricez?? Present run up has some influence from buy out rumors, but it has more to do company's confidence in the earning forecast and reputing class action law suit. Company will not come out and supprt earning forecast day after law suit unless they are 100 % sure.

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