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


To: Lee Martin who wrote (23875)11/18/1997 4:55:00 AM
From: Joseph Pareti  Read Replies (2) | Respond to of 61433
 
ESTIMATE REVISIONS:
ASND: DEUTSCHE MORGAN decreased estimate for fiscal year
ending 12/98 from $1.30 to $1.15 on 10/31/97
ASND: Major Broker has reiterated estimate for fiscal year
ending 12/97 of $1.22 on 11/14/97
ASND: Major Broker has reiterated estimate for fiscal year
ending 12/98 of $1.60 on 11/14/97

assume eps $1.6 in 1998 and $1.22 in 1997; that makes a 31% earning
growth p.a. That would justify p/e=31. Therefore the expected price
would be :

1997 : 31*1.22 = $37.8
1998 : 31*1.60 = $49.6

any comments on this ?



To: Lee Martin who wrote (23875)11/18/1997 10:51:00 AM
From: P2V  Read Replies (1) | Respond to of 61433
 
Lee Martin,

RE COMS x2 and Sony Betamax -- In the Betamax/VHS dispute, the
better technology lost out to better marketing.

Better marketing will win out again, but technology is a non-issue,
because of the promise of a new standard.

Regards, MM