Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.50

+0.5%

Nov 21 9:30 AM EST

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To: Jeff Jordan who wrote (22598)	11/11/1997 11:06:00 AM
From: Gary Korn	Read Replies (1) of 61433

Gary's list says: Dear Santa, Please,please,please Buyout!Ascend @ $40! Jeff, I would get along okay without a buyout. Ultimately, the stock will move up from a p.e. of 22, particularly as revenue is predicted to increase by at least 33% in 1998. Notwithstanding, I just believe that the evidence suggests an acquisition. I would peg the price at about 8 x sales, or about 48/share. As an update to that evidence, there have been no additional insider sales at ASND since late October (I think it ended about the 3rd week or early in the 4th week). Likewise, no additional insider sales at CPQ since late October. Likewise, no additional insider sales at COMS. Gary Korn

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