Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 206.52

-1.2%

Nov 25 3:59 PM EST

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To: Andie Wei-Ku Lin who wrote (19613)	10/29/1997 11:51:00 AM
From: Richard Tuck	Read Replies (2) of 61433

Andie, Why should ASND go up? Its revenues are flat at best, its profits are shrinking and it is selling at a high PE. The only thing holding it up is the general feeling that renewed growth is but a quarter away. Since I own 300 shares, I hope the general feeling is correct. However, one would not be off-base to think that ASND might go down to 20. I think ASND will close the year about where it is now. Richard

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