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

To: vegetarian who wrote (20773)	11/3/1997 5:54:00 PM
From: Anthony Ho	Read Replies (1) \| Respond to of 61433

At current price levels, ASND is a steal. It has the lowest PE among network companies: 19.44 (based on next year earnings estimate). We may have a short term hick-up here, but long term outlook / fundamentals remain solid. If ASND projects sequential growth rate of 10%, doesn't that translate to about 46% annual growth rate? And if growth rate = 46% and PE is only 19.4, isn't the stock undervalued compared to its earnings growth ? My 2-cent worth on this stock.