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Technology Stocks : Ascend Communications (ASND)
ASND 219.76+1.5%12:25 PM EST

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To: gbh who wrote (58979)1/13/1999 9:18:00 AM
From: BostonView  Read Replies (1) of 61433
 
<<CSCO is still the man among boys in data networking>>

I honestly believe the LU/ASND deal marks a seachange in the industry, and while not doomed by any means, CSCO (the stock) will never be the same. It won't happen overnight, but over the next 18 to 24 months I won't be surprised to see a retraction in the multiple.

BV - off to the bloody banking sector in search of innocent victims
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