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Technology Stocks : Ascend Communications (ASND)
ASND 203.85-3.4%2:06 PM EST

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To: pat mudge who wrote (40978)3/25/1998 2:00:00 PM
From: Jan Crawley  Read Replies (5) of 61433
 
Pat,

Based on Asnd managements' current visibility/planning; the 35% annual growth is conservative and reasonable.

1Q 98= $.25
2Q 98= $.25 @ 1.08 = $.27
3Q 98= $.27 @ 1.1 = $.30
4Q 98= $.30 @ 1.15 =$.35

Total 98 = $1.17 @ P/E of 35 = share price of $41
Project 99 Eps at 35% annual growth = share price of $56.

However, the above does not take into considerations of (1) Asnd's possible accelerated growth and possible LU/Asnd merger after 10/98. (2) Based on COMS current earnings, projections, COMS P/E is above 40.

JMHO,

Jan

p.s. Pat, TXN up more than $2, comments ?
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