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

To: Johnathan C. Doe who wrote (23018)	11/12/1997 6:18:00 PM
From: Captain James T. Kirk	Read Replies (1) \| Respond to of 61433

And on what US domestic figures do you base your concerns on ??

To: Johnathan C. Doe who wrote (23018)	11/12/1997 6:36:00 PM
From: Chris Anderson	Respond to of 61433

J.C.D. - PE's are way more reasonable than, say, even 2 days ago! Actually I mean several mos ago. COMS at about 15, NVLS at about 17, WDC at about 8. Even DELL's PE is far more earthly. When stock's take 30, 50 or even 70% hits, the PE's come into line real fast! Current PE's are WAY more supportable than before. You are right, losses don't support high share price, I have concerns about next year, but I don't think everyone will be in the red. Most GOOD companies will still be in the black, with lower earnings, perhaps, than we may have thought a couple months back. But with share prices chopped by huge amounts, PE's become far more reasonable. Thanks and good luck! Chris