Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 205.50

-1.5%

Dec 5 9:30 AM EST

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To: FUZFO who wrote (47293)	5/21/1998 12:35:00 AM
From: djane	Read Replies (2) of 61433

why is briefing.com such a rag? For example, Stix (Cowen) expects ASND to show 40% year-over-year growth and thus "deserves a premium price-earnings ratio as one of the faster-growing players in Internet infrastructure." briefing.com doesn't seem to be so concerned about CSCO's valuation. CSCO PE at 55 with growth at 30%. ASND PE at 40 (and we know Mory/Ashby have been lowballing estimates and analysts will be raising them) with 40+% growth. I know that CSCO has earned a nice premium. But, ASND is well-positioned in the fastest growing networking segments where CSCO isn't very strong yet. CSCO also faces upcoming brutal LAN Layer 3/GE competition. At this point, along with the takeover premium, I would take ASND's 9-12 month prospects over CSCO's. djane

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