Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 196.81

-4.9%

Dec 9 3:59 PM EST

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To: Bindusagar Reddy who wrote (49202)	6/22/1998 10:57:00 PM
From: gbh	Read Replies (1) of 61433

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. Bindusagar, why do think a stock can't get ahead of itself on a value basis, without fundamentals being in doubt? This stock has made a tremendous run, but the facts are: 1) 1998 est. 1.17 2) 1999 est. 1.50 3) Management is comfortable with 20-25% growth. The above items would be more consistent with a 40-45 stock price. Add in some takeover premium, and maybe we're sitting in the 45-47 range for awhile. Until we see a surprise to the upside, I can't disagree with a downgrade to hold "on a value basis". And as I've stated a few times on the thread, without some upside surprise for the quarter, I think even this price is in short-term danger. I would look for >.02 upside (.30 or higher) to propel the stock to the next level (50'ish). Gary

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