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Technology Stocks : Ascend Communications (ASND)
ASND 220.42+4.9%Dec 12 9:30 AM EST
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To: Pullin-GS who wrote ()10/10/1997 11:35:00 AM
From: Augustus Gloop   of 61433
 
Back to asnd. I am not real fired up about the range they are trading in but as an investor you have got to love the industry. The outlook on this industry is quite bright for the next 5 years. As a result the P/E ratios do, at times, get a touch high. Thats what leads to volatility and thats why I believe one must view all the networkes as a long term hold. We all remember last Feb/March when the sector was getting killed. Even CSCO was trading down as low as 45 at times. For people who bailed, or were attempting to use the networkers as a trading vehicle at higher prices, this bump in the road was a real sore spot. Thats where I feel ASND is right now....at a bump in the road. Its going to take some time for people to recover losses incurred. In 5 years however, my belief is that we look back and view this as having been a real opportunity. I believe this for two reasons:

A. I think ASND will recover and post good earnings in the future.
It may not be as fast as people would like but I do believe this will happen. When is anyones guess.

B. If they slip much more in market cap I think they become a real takeover candidate. This will either happen at a higher price or will result in a share swap into a company that we can live with.

Either way, long term the industry and ASND will prosper with our continued support of the web. So....take a deep breath....don't try to call the market or expect 50% runups every year and you should be rewarded in the future.

Long term investor as always
Good luck
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