ASCEND 1997 : The reasons why it will descend. Message Board

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Technology Stocks : ASCEND 1997 : The reasons why it will descend.

ASND 208.64

-2.0%

3:59 PM EST

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To: michael c. peterson who wrote (49)	1/20/1997 3:05:00 AM
From: LEUTHY	of 122

Michael, Thank you for your post. And congratulations to Gretchen Morgenson for such a good work. This article doesn't mention ASCEND, but ASCEND would be seriously hurt in case of a general downtrend of technology stockmarket. In my opinion, the stock will descend, even if there is no general downtrend. Dee Jay could say that I have something against his company, I would like to add that my opinion could be the same for each company that enters in the following criterias : 1) A High Market Cap/Revenue Ratio and High PE 2) A extremely high Gross Margin 3) Biggest Competitors coming agressively into their core business. If you know companies that are in this case, let me know. We should all have a look at them and analyse seriously the situation. I simply pointed on ASCEND, because I knew something about its business and about competition. Other cases must exist on NASDAQ.

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