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

To: Sriram S. Konkipudi who wrote (22595)	11/11/1997 9:57:00 AM
From: Chi-X	Read Replies (1) \| Respond to of 61433

ASCEND 1997 : The reasons why it will descend Started By: LEUTHY Date: Jan 14 1997 3:39PM EST Ascend Communication is a very performant communication ISDN Equipment maker and one of the best NASDAQ performers for the last Two years. Ascend is a now a $ 8 billion Market Cap company. It will have about $550 M in Revenue for 1996, and 120-130 Millions of Income. Its High Market Cap and High PE ratio was justified by the company's past growth and by the hype the market has for this performer. Are so High Price/Sales ratio and PE ratio justified for 1997 ? Are so High Price/Sales ratio and PE ratio justified for 1997 ? Before answering let's make some comparisons : I was bearish on ASND and made calls to short it in January. I came across this article and although it was pretty concise, I thought he was thinking too much. But obviously he thought very well Read rest at: www4.techstocks.com Cheers, Chi-X hath Spoken! "There shall be no bouncing, before its trouncing"