Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 208.64

-2.0%

Jan 8 3:59 PM EST

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To: Joseph Pareti who wrote (48227)	6/7/1998 8:49:00 PM
From: Reginald Middleton	of 61433

For those that may be interested, I have ran an extensive (4,400 company) analysis of performance measures which correlate most highly with shareholder value. Accounting earnings have been the worst measure for market value of all popular measures available. For instance, CSCO's EPS exhibited a .39% correlation to market value. Contrary to popular belief, earnings (as well as analyst recommendations) are a horrendous proxy for shareholder value and market performance. From a historical perspective, the market simply does not follow earnings. ASND's EPS number (fully diluted) exhibited a 9.67% correlation to market value, while Sales Per Share exhibited a 89.94% correlation for the 12 quarters ending 12/97. For the full report, or to see other company analyses, browse to rcmfinancial.com and look to the lower right hand column.

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