Ascend Communications (ASND) Message Board

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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: Glenn D. Rudolph who wrote (18314)	10/19/1997 4:34:00 PM
From: Jay M. Harris	of 61433

Hi Glenn and other Ascend Fans, I'm new to this thread, but not new to the networking industry or Ascend Communications. I just rounded out to a full position and would like to pass a valuation metric along to this thread for the long term ASND investors. I currently believe that over the next 18 months Ascend will see $50.00 per share or a 25X P/E on $2.00 of calendar 1999 earnings per share. This is very conservative valuation work and allows the company plently of time to integrate the recent Cascade aquisition. We expect the remote access market to grow from 4 billion annually in 1997 to 12 billion by the end of the decade. We also expect ASND to hold their own against the likes of CSCO in this particular market. Finally, we see the entire internet infrastucture build just beginning to deploy next generation broadband solutions. We view this entire market at $100 billion annually by 2001 and that Cisco;Newbridge Networks;3Com and Ascend will be the direct plays expected to benefit from one of the most robust Compound Annual Growth Rates (CAGR) in the entire IT sector. Hope this post helps, Happy Investing to the Ascend Thread, Jay

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