Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 216.57

+5.9%

Nov 17 3:59 PM EST

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To: michael modeme who wrote (55278)	10/5/1998 8:07:00 PM
From: sbeckbal	Read Replies (1) of 61433

Couldn't agree more... bargain basement prices all around... The ubiquitous Roger McNamee just finished his bit on CNNfn and spoke about good values throughout the tech sector. He still likes CSCO, indicating that today's action in the stock was an overreaction, just as he more or less disagreed with Cowen's (Stix's) modest downgrade of the stock. When questioned by a call-in viewer about LU, he was not enthusiastic, suggesting that their 20% growth rate is half that of CSCO [can anyone confirm this?], making the stock and its higher PE less attractive, in his opinion. Still, he admires the way both companies are managed. For the record, his calls have been somewhat erratic during the past years--as a matter of fact, he was very, very bullish on ASND 18-24 months ago, and his managed portfolios were loaded to the hilt with the stock. Then, a few things changed...

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