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

To: Tim Luke who wrote (42284)	4/5/1998 11:29:00 PM
From: Jack Colton	Read Replies (1) \| Respond to of 61433

I sure hope you are right! I'd love to see the gap up. How long will it stay up based on earnings, and announcements of a couple of hundred million in new business?

To: Tim Luke who wrote (42284)	4/6/1998 1:36:00 AM
From: jach	Read Replies (1) \| Respond to of 61433

Looking at 98 and 99 earnings est. and giving asnd '97 30% growth will be around 40-42 for forward looking PE. Based on recent competitions in the RAC market, possible that it'll be difficult to maintain this 30% growth mainly from cscc side only. At this 39+$, IMO, it's now fairly priced for '98 and if asnd can maintain this 30%, with forward looking for '99 will be 42-43$. This requires maintaining 30% which may not be easy. Therefore, IMO, it has very limited upside potential now (compared to 31$ a few wks ago).