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

To: satish kamat who wrote (27428)	12/10/1997 7:04:00 PM
From: Sector Investor	Read Replies (1) \| Respond to of 61433

<<OFF TOPIC Sector, are you thinking of shorting/buying puts on CSCO?>> Since I am primarily a long term deferred tax investor (by being a good boy and saving the max in my 401K and IRA(s) each year for over 20 years) I can only be long and sell covered calls. Consequently I don't go short - even in my after tax account. In a tech "bear" market (which it looks to me like we may be in), the last ones to fall are the leaders in each sector. CSCO is one great company, all right. They dominate in the Lan space and they have managed their growth well - look at their P/E and P/S and their rapport with the investment community. That said, they seem to me to be too risky at these levels. I am still not convinced they are not being hurt by the 'sudden' (last 2+ years) emergence of switched networks over routed ones, and also by the recent higher bandwidths in both the LAN and WAN spaces. (this ain't your father's network, to paraphrase the auto commercial). They still have no GE product (in what will be a huge market). I am also leery that they may have overpaid for too many acquisitions too fast and now are having difficulties integrating all the products, staffs and technologies. I know this is part of the reason for the delay in their GE from Granite. In short, if they were back in the mid $40s like earlier this year, I would be a buyer, but at these levels, one slip in earnings could create another ORCL like situation. ASND has already taken it's drop and is now on the rebound. I'd rather be here than in CSCO at this time and relative price levels.