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Technology Stocks : Ascend Communications (ASND)
ASND 220.42+4.9%Dec 12 9:30 AM EST
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To: Larry J. who wrote (21357)11/5/1997 8:43:00 PM
From: David Lawrence  Read Replies (1) of 61433
 
>>This is exactly what is required to restore confidence with the analysts and shareholders.

I don't see that as positive clarification. Yesterday, everyone was hooraying a 10% quarterly run rate, which would yield a 46% annual growth rate. If instead they turn in "mid single digits" (5%) the first two quarters, followed by 10% in the final two quarters, that give you a 33% annual growth rate, insufficient to support the P/E, IMO.
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