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


To: Wesley Zega who wrote (43378)4/9/1998 6:35:00 PM
From: michael modeme  Respond to of 61433
 
Wesley, I think your reasoning is myopic. 1) under your calculation scheme, ASND stock would not be worth anything if they had broken-even ($0.00) -- which is obviously wrong, and 2) there are many other factors that go into the price of a stock besides the current earnings. These include future earnings, future revenues, economic conditions, etc. etc.