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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: sepku who wrote (28171)12/17/1997 7:18:00 PM
From: mark alan rosenberg  Read Replies (1) of 61433
 
I think (but, what do I know?) that the entire networking sector
is dead money until half way into the 2nd Q, when, perhaps an
entire sector reassessment can be made made with more information
on hand. The market hates uncertainty.
Even Cisco at 38X earnings is overpriced, and probably could be
capitalized easily at 20-25X earnings, which makes $54.25/ share
more like $30/ share. Global impact on earnings in this sector
is leading to too much volatility.
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