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Technology Stocks : Ascend Communications (ASND)
ASND 211.05-0.7%Dec 1 3:59 PM EST

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To: shubh saumya who wrote (20948)11/4/1997 9:23:00 AM
From: joemjo  Read Replies (1) of 61433
 
Using an assumption of continued 10% sequential growth rate and your calculation method of margins, what would 1999 earnings be? I believe that the $1.20 for 98 would become $1.75. Now may we expand the expected PE to above 17.5. I understand these assumptions are projected well beyond there usefulness but I am trying to make an arguement that ASND's $1.20 for 98 should be based over a starting point of $.80 for 97 because of the last quarter. Not the $1 that will include the earlier better quarters which represented a stock priced above 50.
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