Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.02

-0.7%

3:59 PM EST

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To: joshi who wrote (29832)	1/9/1998 8:56:00 PM
From: polarisnh	Read Replies (1) of 61433

joshi, CSCO concerns me for a few reasons: 1) It is the only networking stock that hasn't experienced a significant correction since October slaughter. 2) Even at today's closing price of $54 1/4 this stock is only slightly more than 10% below its 52 week high of $60 9/16 (Split adjusted). 3) This stock is selling at a P/E of 48.38 according to Yahoo. Does anyone really believe that Cisco is immune to the Asian Flu? Does anybody really believe that Cisco warrants a 48 multiple in todays's market? Although I think that Cisco deserves a short-term hold (Not necessarily a sell, I do feel that this stock will kick butt long-term). Anybody else have any (constructive) thoughts on Cisco? Cheers, Steve

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