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

To: jach who wrote (43598)	4/10/1998 3:25:00 PM
From: Sector Investor	Read Replies (1) \| Respond to of 61433

<<Analysis based on just pure numbers - 4.31% and 4.2% reflect very weak growth. This growth rate does not warrant 35 PE. 15 to 20 PE is more appropriate, reflecting 25$-30$ range.>> You sound as if this was the best ASND could do. It wasn't. It was exactly what Ashby told us would happen 3 months ago. See my post #43631. There are now much larger backlogs than 3 quarters ago. The ASND of early last year would have taken 1/3 of the Williams revenue in Q1 and posted perhaps $0.30-$0.32 - with difficulty. That's because they would have let the street EXPECT the higher number - and an even higher number in Q2 - with whispers and all that. Today's ASND does exactly what they say - plus a penny. Count on it.