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

To: username who wrote (44493)	4/15/1998 5:38:00 PM
From: michael modeme	Read Replies (1) \| Respond to of 61433

From the News-Only Thread this was posted: "Jim Jubak of Microsoft investor with an article on ASND/CSCO, etc. investor.msn.com pretty interesting stuff kevin" In this article Jim Jubak consistently makes an error of confusing sequential growth with year-to-year growth. Drawing from ASND's statements he estimates revenue and earnings growth of around 8% sequentially -- then states that this growth implies a P/E much lower than around 48 (what ASND would have if it hit $55) and also states that ASND should have a P/E of around 48 if it were growing at around 40% per year!! Apparently Jim doesn't realize that 8% sequential growth translates to around 36% year-over-year growth!!