Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 222.15

+2.2%

Feb 6 9:30 AM EST

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To: Glenn D. Rudolph who wrote (9010)	8/15/1997 8:57:00 PM
From: WBendus	of 61433

"Many of the securities in the NASDAQ are inexpensive relative to growth rates. That is not true in the S&P. I do not believe there is much more downside risk in the NASDAQ" Glenn, I agree that NASDAQ stocks are inexpensive to their growth rates and the blue chips definitely are not. This was exhibited by the magnitudes of the sell offs. DOW down over 3% and NASDAQ down 1.5%. Just like the DOW and S&P over the past few years, making money in the NASDAQ is going to be selective. The key is going to be in the PEG ratios and earnings predictability. Many companies in the NASDAQ (MSFT INTC ORCL) share similar valuations of those that make up the nifty fifty, and there is now heightend concern for those stocks. Any sign in these stocks that they are going to have earnings trouble as a result of revenues, and they will sink just like the rest. The problems with the KO's and G's was their top line growth, when they announce trouble there, watch out. Wayde.

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