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: Larry J. who wrote (24965)	11/29/1997 2:57:00 PM
From: Gary Korn	Read Replies (4) of 61433

At a 35% growth rate (per First Call), '98 earnings per share would be $1.43, '99 $1.93. To trade at $50, the PE would have to be 26. Larry, Nice to see your analytical post, as usual, and hope you had a good T-giving! An earlier post from Mr. Maragioglio suggested that ASND is guiding analysts towards $290MM and 23cents for 4Q (incidentally, this is identical to a prior such comment made on this thread by another respected contributor). That would translate to $1.09/share (I think) for FY97 and it allows for a slightly slower growth rate (about 31%) to reach the '98 earnings of $1.43. Gary Korn

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