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Technology Stocks : Ascend Communications (ASND)
ASND 207.27-0.8%12:17 PM EST

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To: Souze who wrote (51664)8/5/1998 11:34:00 AM
From: Souze  Read Replies (2) of 61433
 
A better comparison of PEs would be to use approximated calendar '98 earnings for both ASND and CISCO. For ASND, $1.20. For CISCO, I calculate $1.53 (Jan'97=.33xq2=.14 + q3=.06 + q4=.48 + q1=.50 + Nov&Dec=.67xq2=.35). So, using yesterday's closing prices gives a PE of 60.87 for Cisco and 39.74 for Ascend. Still a big difference.

Just talking to myself...
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