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Technology Stocks : Ascend Communications (ASND)
ASND 210.09-1.5%2:26 PM EST
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To: Pat Hughes who wrote (58232)12/21/1998 10:31:00 AM
From: hitesh puri  Read Replies (2) of 61433
 
If Cisco can garner a PE of 60 then ASND in its strongest product cycle should warrant a PE of atleast 50. After the Stratus divisions are sold off and Q4 98 earnings are out I feel everyone would see ASND is a stronger telecom provider than Cisco and the stock should be around 90 (50 times 1999 earnings of 1.75).
Right now fund managers just want CSCO as its hot, when it cools then the money flows into LU and ASND. Friday was pure option controlled. ASND closing at 60 1/16. C'mon !!

-hitesh
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