Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.01

+1.7%

Nov 26 3:59 PM EST

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To: Tim Luke who wrote (42284)	4/6/1998 1:36:00 AM
From: jach	Read Replies (1) of 61433

Looking at 98 and 99 earnings est. and giving asnd '97 30% growth will be around 40-42 for forward looking PE. Based on recent competitions in the RAC market, possible that it'll be difficult to maintain this 30% growth mainly from cscc side only. At this 39+$, IMO, it's now fairly priced for '98 and if asnd can maintain this 30%, with forward looking for '99 will be 42-43$. This requires maintaining 30% which may not be easy. Therefore, IMO, it has very limited upside potential now (compared to 31$ a few wks ago).

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