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Technology Stocks : Ascend Communications (ASND)
ASND 210.50+0.5%Nov 21 9:30 AM EST
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To: Bindusagar Reddy who wrote (60342)3/19/1999 8:20:00 AM
From: polarisnh  Read Replies (2) of 61433
 
Bindusager Reddy,

I disagree! While not a big fan of Chambers, I am a big fan of the job that he has done as CEO at Cisco. He is obviously concerned about Lucent/Ascend or he wouldn't keep bringing them up. He had better be concerned because they have set their sights on Cisco and this isn't going to be like taking on Bay or Cabletron. Lucent has deep pockets and a visionary CEO! (Cabletron had deep pockets and no brains! While Bay was an abortion from the get go!)

I think that if you were to buy Ascend (Roll it into Lucent) and Cisco today and compare stock evaluations in 5 years I wouldn't be surprised if Lucent outperforms Cisco 2 to 1. Why? Cisco's P/E is outrageous and I think that in the next few years they will have a few earnings hiccups that might bring them back down out of the clouds a little bit.

Cheers,

Steve
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