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

To: S. M. SAIFEE who wrote (31292)1/20/1998 7:18:00 PM
From: Barron Von Hymen  Respond to of 61433
 
Yeah, but that was when they were projecting 40% growth, and when the street believed they could do so.



To: S. M. SAIFEE who wrote (31292)1/20/1998 7:37:00 PM
From: Jorj X Mckie  Respond to of 61433
 
To command the same PE premium as CSCO it should have the same consistency in meeting earnings expectations. The reason that ASND "commanded" a higher PE before was simply the momentum players moving the stock to unreasonable prices. (with the corresponding panic response that brought it to the lows that we saw recently).

TD


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