Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 204.41

-1.0%

Nov 14 9:30 AM EST

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To: Robohogs who wrote (54201)	9/15/1998 9:11:00 PM
From: gbh	Read Replies (2) of 61433

JR, LU's '98 projected earnings are 1.70 giving a PE of 43.8 (current price of 74 1/2). ASND projected to earn 1.19 in '98. So any price paid for ASND that yields an ASND PE greater than 43.8 in '98 would dilute '98 earnings, of the merged company. 43.8 x 1.19 = 52.5 It's true that by the end of '99 a $70 dollar purchase price "might" not be dilutive, but it would definitely be "immediately" dilutive. gary

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