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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: Gary Korn who wrote (24224)11/20/1997 7:18:00 PM
From: sepku  Read Replies (1) of 61433
 
Hmm...wow, that mean means ASND's p/e for '97 is much lower than I expected! That is why I thought it was for '98. The p/e on '98 has got to be ridiculously low, then. We are severely undervalued, and therefore oversold -- no doubt.

I'm actually looking forward to ASND beating Q4 by a couple pennies through conservative guidance, as well as suspicion that the company rolled some revenue over from Q3 since it was a loser anyway.

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