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Technology Stocks : ASND - longterm investors with short term worries
ASND 205.980.0%Oct 29 3:59 PM EDT
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To: ItsAllCyclical who wrote (25)11/10/1997 1:05:00 PM
From: westes   of 67
 
<In the current climate and ascend's current blunders I could see the <stock going to 20 before this whole mess is over, but it's not going <to say there long. If you've held

If the street perceives that Cisco's stiff competition in Ascend's segment means zero or <30% growth over the next few years, why wouldn't ASND come down to 2-to-3 times sales? It seems to me that the downside here is much lower than 20.

I do agree it won't stay there, and they become an attractive acquisition for Lucent below 25.
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