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Technology Stocks : Ascend Communications (ASND)
ASND 206.29+3.2%3:59 PM EST

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To: C.N.S. who wrote (21726)11/7/1997 1:08:00 AM
From: Jimbo Cobb  Read Replies (2) of 61433
 
Shivu: As I just sai, $16 is based on a brief technical analysis; however, regarding a speculative investment, MADGF (aka MAD-DOG), which I am not telling anyone to buy (although I do own it),

ASND trades at over 5.0 x trailing sales, while MADGF trades at about 0.5 x trailing sales. YES, ASND deserves a much higher multiple than MADGF, but 10 times ?? If next year's earnings picture for ASND continues to cloud, look for that 5 x sales multiple to get sliced yet again !!

Mark.
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