>>>1) No 56k standard established. ISP's fear buying modems that will be outdated when a true standard is released.<<<
This affects all parties involved, negatively. Witness COMS and its modems piling up.
>>>2) Go with CSCO or COMS; two companies that are more likely to be around 10 years from now with huge revenues that dwarf ASND.<<<
Revenues mean nothing. The growth of revenues and resulting growth in earnings mean everything. CSCO is fat and bloated, there is minimal upside. I was right there would be a gradual sell-off following a pop after earnings last week. Dumping at 85 1/8, near the top appears prudent. COMS is having its own turn at the lashing pit...at a recent all-analyst conference, Eric B. is echoing ASND's recent forward vision with the expectation that long-term outlook is good, but short-term will be bumpy. Looks like April all over again.
>>>3) Management warnings of poor growth next 2 quarters and finally 10% growth in last half of 98.<<<
I don't recall the word "poor" being mentioned by management, correct me if I'm wrong. 40% growth next year sounds good to me...if you're a long-term investor. If you are trading, then who gives a damn about growth? Volatility, liquidity, and spreads matter -- little else.
>>>4) Around 10 or so downgrades last month.<<<
Good...we have most of all potential future downgrades out of the way, which leaves room for upgrades.
>>>7) ASND making new 2 year lows daily.<<<
A good buy gets better. Begin accumulation in pieces over time, nobody can call the exact bottom. Averaging out patiently will sniff it out pretty close, though.
Mark this day on your calender and note the closing prices of ASND and CSCO. I guarantee you that ASND will earn, at minimum, 2.5 times CSCO's % returns from today's prices, 12 months from now.
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