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

To: polarisnh who wrote (29574)	1/8/1998 8:28:00 PM
From: JR2	Respond to of 61433

steve- I appreciate your response about Shiva. I am very eager to learn more about just how well they stack up against the Big Four that you mentioned. Fundamentally, it is probably true that Shiva may stand fifth in line in a four horse race. However, that may only be true when it comes to size and revenue evaluation. After all, Shiva is small compared to Ascend, and Ascend is small compared to Cisco. The quality of Shiva's products do not take a back seat to any of their peers. I realize that this fact, or opinion rather, does not propel them into a $600 million company from $180 million by itself. Where fundamentally Shiva needs to prove themselves, TECHNICALLY FROM A SHARE PRICE STAND-POINT they are in the front of the bus trading at less than 2x sales and book...Ascend at 4-6 times may still be compelling but it took a severe correction in ascend's price to get that valuation where it is. Ascend at 2x sales would obviously be more compelling ---bet the farm type stuff... Do your colleagues or yourself see the potential for NT and shva in the VPN area? How did Ascend grow to 1.4 billion ... how does Shva replicate that? I don't have the answers...what I DO know is that when the street is decidely against a stock like SHVA or even ASCEND for that matter...the STREET is USUALLY WRONG!!! Buy 'EM both methinks!! Happy trails, JR2