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Technology Stocks : Ascend Communications (ASND)
ASND 200.33-3.2%11:49 AM EST

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To: hitesh puri who wrote (50208)7/20/1998 11:12:00 AM
From: Thomas M.   of 61433
 
CSCO sells at 50 times calendar '98 EPS of ~2.00. ASND trades at 45 times calendar '98 EPS of 1.20. That's a pretty small premium, expecially considering how much better CSCO's earnings fared during last year's networking bear market compared to ASND.

ASND is moving in lock step with LU (I wonder why <g>) and CSCO, as the leaders are all receiving a nice PE expansion from the market.

Tom
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