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Technology Stocks : Cascade Communications, CSCC

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To: tintin who wrote ()1/22/1996 9:13:00 PM
From: Roger Brown   of 42
 
The reason it was on a downtrend is that it was mistakenly
heavily connected to the whole internet craze even though
only 15% of their business is internet related (according to
their PR man). Once that all went down the tube recently, so
did CSCC.

Alas though, it has done well recently in my opinion because of
Ascend. Ascend reported profits doubling from $7 million to $14
million in one quarter last week. The the two companies are
similar, yet Ascend is growing at a faster rate. The advantage
of CSCC is that they utilize ATM and I don't find that technology
mentioned anywhere on Ascend's homepage.

If you do own stock in CSCC, all i hope is that this next quarter
drops their PE ratio somewhat (around 115-120 now.) You can easily
check that by using PC Quote's homepage (under Yahoo.) Stay
with it through the gyrations though and don't sell it because it
will give you a nice return over the long haul.

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