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


To: Gary Korn who wrote (31351)1/21/1998 10:19:00 AM
From: Inga  Read Replies (1) | Respond to of 61433
 
I have one request if it is not too much trouble for your efforts. Can you also include the P/E based upon the day closing price for your selected networkers so that we can estimate the average P/E of the industry. At 1.16 forward earning, the average P/E of the industry is at 30 now (if I remember correctly) which makes ASND fairly valued at 35 with yesterday's guidance. By the way, the sell-off resistance this morning seems very strong at 30-30 1/4. Thanks.