Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 205.50

-1.5%

3:59 PM EST

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To: mark alan rosenberg who wrote (20410)	11/1/1997 9:41:00 PM
From: Greg Jung	Read Replies (1) of 61433

mark, all of these tech stocks can easily get halved and/or double within a year. Or both. Coms has some extra weakness here from criticism of the bookkeeping and how it may have been used to hide a severe product-flow problem in USRX. Current earnings are only slightly above the levels of 1996, when COMS price range had been 30-50 for two years. Then the rosy forecasts in September, and blockbuster earnings in December, sent the stock through the roof and FY98 had a $3 estimate or better. Needless to say, the performance didn't follow through. Greg

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