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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: K MAC who wrote (19532)	10/28/1997 8:25:00 PM
From: mark alan rosenberg	Read Replies (1) \| Respond to of 61433

K MAC: OK. Valuation is the most important thing. The co. earned 20 cts/shr reported for the Q ended Sept. 30, 1997. The 10-Q still has not been filed, but I thought I saw somewhere that the 3rd Q still had a sizeable restructuring charge that was factored in. I personally thought that the report was a good one, and appeared to be more of an "upside surprise". They are still chewing off the Cascade merger, and hope it is being digested well. If the co.s have synergy, this has got to be a winner down the line. The co. in the next 12 mos. will be doing well over a billion in sales, with good margins. So, we trade at a 5.5 billion market cap. That's not bad, considering the revs. and growth. If ASND appears overpriced, it's because all great co.s have been overpriced. It would look cheap to a SUITOR. Mark

To: K MAC who wrote (19532)	10/28/1997 8:28:00 PM
From: sepku	Respond to of 61433

>>>Growth appears to be slowing to me. That is all I meant.<<< K MAC, you'll find this is true of the entire networking sector since 1Q. Industry slowdown. Style Pts.

To: K MAC who wrote (19532)	10/28/1997 11:01:00 PM
From: Sector Investor	Read Replies (2) \| Respond to of 61433

<<Growth appears to be slowing to me. That is all I meant. If you read my post I still like the company and especially when it is priced in the 20's. I just don't have the expectations I used to.>> Sorry to jump on you. This volatility has everyone nervous and your comments came just after MRVC had dropped 7 points in two days and just hours after I placed a heavy call bet. Forgive me for that, please. I was incorrect as well as I posted from memory and the earning report and I forget about the $39M qtr between the $35M and the $42M qtr. There is a story here I will relate. I had placed calls yesterday morning, betting on a good earnings last night. Then, just 10 minutes before the close, I decided to buy 20 more calls at the market - Jan '30s, which were at $2 5/16. Then trading got halted and the trade did not take place. Earnings were very good and I felt bad I didn't get the extra calls. This AM MRVC dropped another 2 points at the open - and my calls executed at $1.50! Then the market turned, Bear Stearns reiterated a buy and MRVC rose 7 points! I ended up selling them at $3.875 in the late P.M. Quite proud of myself I am, yes indeed! My first legitimate day trade and a good one! If I keep this up, I'll have to rename to Sector Trader! <GGG>