Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 207.04

+0.7%

3:59 PM EST

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To: Paul Shread who wrote (52638)	8/24/1998 11:02:00 AM
From: garrick le	Read Replies (1) of 61433

paul, ASND is expected to earn 1.20 in 1998,1.70 in 1999. That is a growth of 37 %. 1.7*37 = 62.9. That is based on forward PE and earning. Plus its product are high end,high margin unlike COMS,etc. Now tell me why ASND is overvalued and should not command a PE of more than 30.Not to mention ASND has products that 's best in its class in terms of performance . GL

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