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Technology Stocks : Ascend Communications (ASND)
ASND 205.50-1.5%Dec 5 9:30 AM EST
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To: Phu Huynh who wrote (1448)12/27/1996 11:40:00 PM
From: Dave von Hausen   of 61433
 
Phu,

The article says that Ascend can drop to about 1/2 it's current value
by mid next year.
It also says that the growth rate of Ascend will drop from 300% to
100%. With the current PE of about 74, if he is right that would
put the PE at about (74/2) / 1.5 = 24. Assuming no major market
correction, who is going to let the PE get that small for a stock
growing at 100% in this market?

Dave
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