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: Darren who wrote (46416)	5/9/1998 1:08:00 PM
From: Gary Wisdom	Respond to of 61433

This from last week's Barron's (May 04). Note the price target. Ascend Communications (ASND-NNM) by UBS Securities (39 13/16, April 13) Buy. Ascend reported first-quarter 1999 EPS of 26 cents, exceeding our estimate of 25 cents, which was also the Street's. Our year-end price target is $45, although we believe the stock could exceed our target if takeover speculation increases. Ok, UBS. It hit $45 in less than a month. Time to update your targets? And, why weren't you recommmending this stock at $22? Anyone seen cojones on an analyst anytime in the last year?

To: Darren who wrote (46416)	5/9/1998 1:26:00 PM
From: Bindusagar Reddy	Read Replies (1) \| Respond to of 61433

Darren, it looks like you missed the boat on ASND and waiting for a pullback to get in. I don't think you are short. FYI wallstreet, especially big institutions value growth companies based on future not looking past 12 months. They do not drive looking in rear view mirrors. In fact great growth companies always carry high PEs. Low PE companies have low PE for a good reason. Their PE remains low all,the time. If earnings explode PE ratio changes overnight. As long you show visibility of the growth you will be rewarded high et.al DELL, MSFT they always look expensive and keep moving up. Value investing is a entirely different. Look no further than GM which has intrinsic value of 100+ but trades in 60s. Good luck.