Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Peter Yang who wrote (42417)	4/6/1998 5:15:00 PM
From: username	Respond to of 61433

this is where the chart and the earnings could be diverging. I bought some calls on Friday, so I hope this dude is wrong on ASND. I'm with Tim. (The contest crushed me today. AARRGGHH.)

To: Peter Yang who wrote (42417)	4/6/1998 5:20:00 PM
From: The Phoenix	Respond to of 61433

>>Some market experts, noting the decline in nearly every major Nasdaq issue, said the index was poised for a severe correction, and that some important technology stocks were already in bear markets. ''I think you'll see a 5-to-8 percent drop on the Nasdaq from here,'' said Gary Kaltbaum, a technical market analyst at J.W. Charles. ''The technology stocks are going to get smashed.'' << Well, although this guy may be right it just goes to show you how little most investors understand the networking market. First they all talk about "technology" - like it's all the same. No difference between silicon, s/w, h/w, communications, security, internet, etc. etc.. It's all one big lump of coal to these guys. Second, they don't understand that the network build-out has barely begun. Sure we're on our way here in the U.S., but overseas; we're not even scratching the surface yet. I would be remiss if I didn't mention that even here in the U.S., the churn from circuit switched PSTN environments to multiservice on IP hasn't begun - A HUGE GROWTH MARKET. We're poised for a break out... I say this because the reason these unknowledgable "talking heads" say these kind of things is because they look at PE's and see that many NASDAQ PE's are in excess of 40 whereas the DOW PE's are hovering around 20... But, where's the growth? In high tech...many companies that have high PE's are justified....even LU has a forward looking PE of a reasonable sum (although it too is getting lofty). My point is, guys like Gary Kaltbaum haven't a clue. They point to technical analysis and say "see"...high PE's, high valuations...Asia will limit growth, revenue growth can't continue...blah blah blah... The fact's, Asia is small...always has been. C'mon, how much equipment do they buy relative to the ROW? What they do do is bring down costs, which helps margins and PE's! The truth is revenues will continue to grow - much faster than any DOW security. Ah yes, time will tell. For those holding cash this portended 5-8% correction will be an excellent time to accumulate..... Gary (not Korn)