Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 216.57

+5.9%

Nov 17 3:59 PM EST

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To: Tim Luke who wrote (30466)	1/14/1998 10:34:00 PM
From: Gary Korn	Read Replies (1) of 61433

The highest price you will see this year (if you are lucky and no buy out) will be no higher then 45. Tim, You must be pretty bullish, as SSB (with a buy recommendation) has a target price of just 35. <G> Actually, ending the year at 45 would be close to a 100% gain for ASND. Given the conservative stance and conservative numbers still being advanced by ASND management (15-20% revenue growth for 98), I think you are correct in not expecting anything higher than 45 by year end. It will take significant news, or an acceleration of anticipated revenues, to justify a price much higher than that. I do think that revenues will in fact accelerate in 2H98 (Ashby has said double-digit sequential revenue growth in 3Q and 4Q), so perhaps there is room for greater price appreciation. External to ASND, it has been said that declining interest rates can cause an expansion of p.e. ratios. That would be another potential cause for greater price appreciation. On the flip side, there is Asia. Gary Korn

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