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Technology Stocks : Ascend Communications (ASND)

ASND 210.50

+0.6%

3:59 PM EST

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To: Johnathan C. Doe who wrote (20281)	10/31/1997 4:48:00 PM
From: mark alan rosenberg	Read Replies (1) of 61433

You could be right. You might be totally wrong. What price was Stratacom, and what was the PE of Stratacom when they got bought by Cisco? Answer: Huge. Point is: If you want to be a player in this industry which can have exponential growth, then, if you are the acquiring company, you pay. CSCO looked like they were paying way too much for Stratacom, but they dearly needed Stratacom if they wanted to be part of ATM. It was a great synergy, and is paying off well for Cisco. Plus it secures the future for Cisco. Ascend, atleast appears cheap: 1.3 billion $$'s sales, and growing. Stock trades at about 4.5X revs. A buy-out could command 7.5 to 8.0 X revs which is $10 billion, which is around $ 53/share. ALL GREAT COMPANIES HAVE APPEARED TO LOOK OVERPRICED< Mark

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