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Technology Stocks : Ascend Communications (ASND)
ASND 220.42+4.9%Dec 12 9:30 AM EST

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To: Immi who wrote (48814)6/17/1998 12:57:00 AM
From: Darren   of 61433
 
DCF is Discounted Cash Flow, a common mechanism used in Leveraged Buyouts. The fact is, DCF is probably not the best tool because ASND is a high tech company and high-tech LBO is an oxymoron...but it is an adequate measure of the company's naked worth...I know, it must be more expensive if they have clothes on...blah blah blah...

P.S. I don't personally have 3+ years in investment banking, I just built the LAN/WAN and learned a lot while I was there, including how to fill in a "paint by numbers" spreadsheet.
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