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Technology Stocks : Ascend Communications (ASND)
ASND 202.23-4.2%3:59 PM EST

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To: Randall Stern who wrote (15523)9/30/1997 2:06:00 PM
From: 16yearcycle   of 61433
 
In all sincerity, why does it look cheap at 5+x sales?CSCO is at about 6x sales, COMS is at 2x sales.I'm not a bear or bull on this one, but I'm looking for actual rational to buy.I can let this pitch pass and ASND could trade at 50 in 6 months, but I would like to hear facts as to why it should go up from here.What will sales be in 2 years; how about profits?What impact will CSCO's apparent market share gains have?What will current accounts bring in revenues over the next two years?Margins are getting killed if you review a past statement. How or why will this erosion stop? What percentage of revenues are from cascade vs. ascend, and why has revenue growth stalled at one or both?Is management stupid or crooked, as they appear to be one or the other?
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