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Technology Stocks : Ascend Communications (ASND)
ASND 228.54+5.4%3:59 PM EST
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To: Jeffery E. Forrest who wrote (10144)8/29/1997 1:53:00 PM
From: Maverick   of 61433
 
ASND's prospect, part III
From Motley Fool's Evening News, 8/28/97
although this would also be a 16% sequential improvement
(including the weak Cascade results). This is certainly
possible if Cascade's business has improved as advertised,
but if the standards shuffle puts any pressure on sales,
the company could easily fall a few pennies short of the
estimate and see its P/E multiple continue to shrink. Even
trading in the low $40s, the shares require a time horizon
of longer than a year and a tolerance for volatility.
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