Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 206.71

-0.9%

12:39 PM EST

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To: Dennis R. Duke who wrote (39719)	3/18/1998 2:03:00 AM
From: djane	of 61433

Dennis, the confirmation that ASND will meet the quarter was nice. It just follows up the nice work by yourself and Pat. I also really like the quote in thestreet.com article from the JP Morgan analyst -- "several carriers raved about Ascend's asynchronous transfer mode products at a J.P. Morgan conference in Dana Point, Calif. last week." Just think, ASND will have a serious boost to its earnings starting in April from these and other new products. I believe there is a silver lining in the problems of BAY, COMS, CS and NN (coming back strong now). As ASND keeps hitting its quarterly numbers (along with CSCO), the stability of earnings will also mean a nice expansion in PE multiple and, gasp, maybe a premium as CSCO and other companies seem to enjoy. With such a multiple expansion and sequential growth in the teens (40+% growth), a $60/share price by year-end appears very achievable. djane

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