Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 197.59

-0.8%

Nov 7 3:59 PM EST

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To: Gary Korn who wrote (25355)	12/3/1997 2:50:00 PM
From: Tech Bull	Read Replies (1) of 61433

I have no track record on this thread, but with all the predictions being flung around (along with the BS), it's time to make a few: 1) ASND will not go into the teens. It will firm up support with today's lows. 2) ASND will be in the low 30's by 1/31/98, after the earnings announcement - they will make their number. After being whacked over the head last quarter, they would be damn sure they were clean by now. From there it's math: 0.23 x 4 x 35 (a reasonable PE) = $32ish 3) Long term ASND will parallel the growth of the internet. Right now we're seeing the influence of those that don't understand how ASND's business is unique in this segment and how that will differentiate it in the long term. Remember how INTC was dragged down for years while the herd bucketed it as just another commodity silicon company. Yep, I'm long - I've been following ASND's ride down & have been caught trying to catch the knife a few times, so be aware I'm far from knowing it all - this is my gut. Disclaimer: THESE ARE MY OPINIONS, do not trade based on this, do your own research, make your own assumptions, draw your own conclusions.

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