Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 200.28

-1.0%

3:59 PM EST

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To: Knighty Tin who wrote (48719)	6/15/1998 5:01:00 PM
From: Joseph Colombo	Read Replies (1) of 61433

<<As such, this stock is certainly overpriced at its current pe ratio of more than 40, and will be so even if they get a couple of quarters that are up slightly. They simply do not have the growth potential to fulfill that type of market valuation.>> Michael, That is one of the reasons that a merger (or takeover) with a telco or telco equipment maker is needed. It's time for the voice & data (IP) sides get together. Not just talk about it. I don't think you will see ASND on it's own in 1999. IMO it's going to be purchased. Joe

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