Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 221.33

-1.3%

Feb 11 3:59 PM EST

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To: Elmer Flugum who wrote (3342)	6/3/1997 9:40:00 PM
From: Heg Heg	of 61433

NN reported a loss of 17c and a decline in the year over year earnings from 86c to 66c. The difference comes about because part of their R&D expenses are treated as a one-time writeoff and then excluded from the earnings picture. With their new yearly earnings of 66c their PE stands at 60! However, even if the 'one-time' expense is excluded, the yearly earnings increase was only 25%. 25 x 0.66 = 16.50 US$ as fair value?? What do you think? comments please. Heg

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