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

To: sea_biscuit who wrote (21120)11/4/1997 5:26:00 PM
From: mark alan rosenberg  Read Replies (2) | Respond to of 61433
 
Then stay away from COMS, FORE, CSCO, and most of the technology
sector in general. Buy the steel companies.



To: sea_biscuit who wrote (21120)11/4/1997 8:29:00 PM
From: garrick le  Read Replies (1) | Respond to of 61433
 
How about Cisco trading at 700 Milliom shares X $ 84/share = 58.8 billion or about 10 X 1997 sales.And Cisco growth rate is about less
than 1/2 of Ascend.
It goes to show how negative people has become of Ascend due to its
declining share price.
Another example,MSFT trading at 35 X 1997 sales, a PE of approximately
2 times its growth rate. (If I remember correctly).
Go figure :-)

GL


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