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Technology Stocks : Ascend (ASND) descending?
ASND 215.25-1.0%Jan 15 3:59 PM EST

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To: Andy Riedel who wrote (44)5/10/1996 3:28:00 PM
From: Deepak R. Ghosh   of 313
 
Andy:

Can you tell me how this CSCO ASND STRM deal is going to work? I am
trying to find out who has the most to gain from it?

Also have you being seen USRX equipment being chosen over ASND
anywhere?

Like you I was afraid to buy ASND when it first came public in early
1994. Instead I bought a HMO stock. That was the greatest mistake
I ever made in investing. I got in only in mid-1995 and missed the first
run. It took me a long time to realize that the earnings of ASND are
consistently underestimated, and therefore the true growth rate cannot
be predicted and is always greater than the PE.

Deepak Ghosh
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