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Technology Stocks : Ascend Communications (ASND)
ASND 210.50+0.5%Nov 21 9:30 AM EST
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To: djane who wrote (47369)5/21/1998 8:09:00 PM
From: gbh  Read Replies (1) of 61433
 
15-30% industry growth and 10-20% ASND growth. When asked about these low numbers after his presentation, Mory said ASND is being very conservative because "we learned our lesson" last year.

I am very disturbed with the 10-20% growth statement. I would have much rather heard him say "ASND will meet or exceed industry growth" of 15-30%. This would have left the upside potential intact and pretty much covered himself to the downside. This statement is making me re-think my long position very hard. Even 20-30% growth cannot sustain the current PE. I understand the conservatism, but this seems very low. Any thoughts?

Gary
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