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

To: sepku who wrote (26245)	12/5/1997 11:07:00 AM
From: Craig Rogers	Respond to of 61433

I've got to get out of the market. My judgement is always wrong. I thought there would be a blood bath today and look at it. I jumped in this morning on ASND it probably will go down from here because of my track record. Sorry guys if it goes down you can blame me for buying it. Craig

To: sepku who wrote (26245)	12/6/1997 4:37:00 PM
From: margin_man	Respond to of 61433

Style, I have a chance to dig out some numbers over the weekend. Here's what I got from CBS Market Guide: EPS: 0.53 (from previous 4Qs, I guess). That would make a P/E of 54.6. And here's the earnings from previous 4Q: 4Q96 = 0.32 1Q97 = -0.88 2Q97 = -0.26 3Q97 = 0.20 There must be some related charges for 1Q97 & 2Q97 (such as the acquisition of CSCC). With a projected earning growth of about < 15%, I hardly see ASND stays above 30 w/out takeover rumors. Good luck to longs & shorts, Patriot