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Technology Stocks : Ascend Communications (ASND)
ASND 213.36-3.3%Dec 15 3:59 PM EST
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To: Howard Feinstein who wrote (12103)9/12/1997 6:14:00 PM
From: Peter Yang   of 61433
 
>>Like some opinions are what the down side is for ASND. I thought 40 was it. Exactly where is this stock heading 30? 25? 20? Do I hear 15? Thanks.<<

At 15 that would give ASND a forward P/E less than 10 based on the new low revised earnings 1.7 for 1998. For a company like ASND with growth rate faster than 30%, you think that's going to happen?
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