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: Mighty Mizzou who wrote (57361)	11/20/1998 1:15:00 PM
From: hitesh puri	Read Replies (1) of 61433

As per sources close to Ascend they beat Newbridge and Cisco (again) out. I am just wondering at what point does Wall Street start worrying about Ciscos inability to penetrate the high growth, high capital WAN switching carrier and telecom market. Except for Sprint (which was done in 1996) and the USWest deal I dont see them touting any other wins. True that they own the routers (8% growth), true they own the LAN switching market (20% growth and intense price and performance competition) but does management alone really warrant 50 + PE. If so then as Ascend management is close to regaining credibility (3 quarters of consistent growth, conservative approach and smooth CFO) I look to ASND trading close to 70 (45 times 1999 earnings) without Lucent buying them out. -hitesh

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