Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 207.87

+1.2%

3:07 PM EST

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To: pat mudge who wrote (47286)	5/20/1998 11:20:00 PM
From: FUZFO	Read Replies (1) of 61433

From briefing.com: Computer Networking Brief: The best thing that can be said about Wednesday's session was that the group did better than the rest of the tech sector... General tone was weak, however, as only 3Com and Ascend managed gains... Ascend's valuation levels getting a little rich as stock trading at 40x estimated earnings... Puts it into CSCO's league though earnings have been nowhere near as dependable... Takeover premium one factor inflating the multiple. Fuzfo

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