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

To: uu who wrote (46367)	5/8/1998 5:31:00 PM
From: Darren	Read Replies (1) \| Respond to of 61433

That's a current negative PE (as of today), brought about by charges for purchased research and development and a merger, according to the 10-K. In order for ASND to grow by 100%, they would have to combine the last three years into one, and pay for the acquisitions before that. The company has already stated a loss is due for the current quarter...Now explain to me how a PE of 100 is reasonable when CSCO is trading at a PE of 60 on earnings of 1.26/share, and ASND is losing money short term. Now you are making me smile...