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


To: JR2 who wrote (29232)1/3/1998 9:24:00 AM
From: Gary Korn  Read Replies (1) | Respond to of 61433
 
Is ascend worth 8 billion in mkt cap? THATS 8-9 times sales at 40/shr.

ASND will have 1997 sales of $1,160,000,000 to $1,170,000,000 this year (depending on whether 4Q revenue is 290MM or 300MM). So, 40/share times 200MM shares = 8,000,000,000 is just 6.8 times sales.

LU paid about 9 times sales for Livingston.

What do you think would be the better deal?

Gary Korn