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Technology Stocks : Ascend Communications (ASND)

ASND 201.08

+2.6%

3:59 PM EST

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To: P2V who wrote (20756)	11/3/1997 4:57:00 PM
From: Jeff Mills	Read Replies (2) of 61433

OTOTOTOT Marden Marshall-- MMCN--why would you buy something like this?? Do people read the prospectus on these IPOs? MMCN has $14.2 MM of sales thru the first 9 months of 1997. That is about $4.7 MM/quarter. If my math is right, they have 28.6 MM shares x $26 close = $743 MM market cap. Please explain why you would buy a company will do LESS than $25 MM in sales this year, yet has a market cap close to 3/4 of a Billion? Just curious.

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