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

To: Simon who wrote (20705)	11/3/1997 2:45:00 PM
From: Narotham Reddy	Read Replies (1) \| Respond to of 61433

Feared worse On reading this news(DOW News has no info on this yet), I thought MMs would trash this one. However, it seems it is not that bad, yet sounds not good either. Hope it does not go Shiva's way. Narotham

To: Simon who wrote (20705)	11/3/1997 3:00:00 PM
From: sea_biscuit	Respond to of 61433

RE: <<Owning this stock is enough to make you cry.>> And 2 months ago this was the greatest thing since sliced bread. What a joke. A few eternal truths : * Valuation, valuation, valuation -- You can't buy a stock at 40 times earnings, 8 times sales, and expect it to keep going up! If you are lucky, earnings will eventually catch up with the lofty valuations. If you are not lucky, ... * High growth-rate implies stiff competition. Which in turn leads to drastically lower growth-rates in the future. In the early 80's there were about 17 or 18 companies in the disk-drive industry. Every company was expected to grow fast enough to garner a 20% market-share. For some reason, that did not happen! :-) Dipy.