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Technology Stocks : Ascend Communications (ASND)
ASND 212.33+1.1%Nov 28 9:30 AM EST
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To: Larry J. who wrote (23238)11/13/1997 1:32:00 PM
From: Johnathan C. Doe  Read Replies (1) of 61433
 
Larry, I think you will see earnings revised down even with revenue growth. We haven't seen the end of downward revisions and remember, it only takes an earnings warning in a bad market for this to get very overdone. Look at COMS for guidance on where Ascend might go based on fundamentals and assumptions.

If you want to have something to focus on, look at how an analyst covered YURI with a strong buy recently and look at where that stock is today. Talk about a high P/E.
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