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

To: Tim Luke who wrote (32278)	1/27/1998 11:49:00 PM
From: Gary Korn	Read Replies (1) \| Respond to of 61433

Tim, Thanks for post. I'm holding plenty for the time being, but I'm not opposed to peeling off a small part when I'm convinced that another investment promises a better return. I do tend to agree with you, though, that ASND does not have a lot of downside (other than that created by market and non-market forces external to ASND). One way to think of it is that ASND's market cap is now 4.8 times 1997 sales. To just retain that ratio by YE98 (when sales will be about $1.4B and when revenue will be increasing at a considerably faster rate), ASND would have to sell at 33.6. Gary Korn