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Technology Stocks : Ascend Communications (ASND)
ASND 201.40+2.3%3:59 PM EST
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To: hitesh puri who wrote (49201)6/22/1998 10:27:00 PM
From: Bindusagar Reddy  Read Replies (1) of 61433
 
I agree, hitesh, but the estimates are estimates, what counts is the business momentum. The estimates will suddenly change as they can be surprised on the positive side. If that happens both PE and estmates both go up. Unless one gives fundamental reason such as business conditions like slowing of internet demand or bandwidth glut etc, there is no reason to downgrade saying some nonsense to benefit their clients and themselves. I would be concerned if he says he has information about slowing growth and or weak technology.
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