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Technology Stocks : Ascend Communications (ASND)
ASND 205.50-1.5%Dec 5 3:59 PM EST
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To: DX who wrote (20465)11/2/1997 2:24:00 AM
From: uu   of 61433
 
DX:

You state:
> ... a PE of less than 30 is ridiculous for a company like ASND?

But of course! A company like ASND whose business is in the hottest sector of the economy (namely networking) the P/E should be something around 60!

Regards,

Addi Jamshidi
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