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Technology Stocks : Ascend Communications (ASND)

ASND 217.17

+0.3%

Nov 18 3:59 PM EST

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To: Jack Colton who wrote (42282)	4/6/1998 9:07:00 AM
From: Jeffery E. Forrest	Read Replies (2) of 61433

PE is outrageous, yes, BUT we're talking about something that appears to be able to replace the Internal Combustion Engine. That's as least as important as any technology changes that are happening in the computer sciences. The Internet seems alot less amazing when compared to something that could wipe out pollution (Air AND noise)and titrate us from our addiction to fossil fuels. Hell, it's not that much a stretch to say that it could create world peace. How many wars in recent memory have had oil as a catalyst? Ok, I'm deaming a bit, but it certainly would cause some radical changes inre the "Mid-East Problem" which, when boiled down, usually have oil at the core. Is a development that could change the face of the world worth a HUGE P/E? You betcha!

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