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

To: stilts who wrote (46851)	5/14/1998 12:44:00 AM
From: Greg Jung	Respond to of 61433

Would you suppose that they'll use that to buy back shares when the stock is at $20? Did they buy any stock since October? Tech companys horde cash, looking towards the day that they are losing money. That day does come, the stock gets taken down, then when they can make a few quarters the past is forgotten and the multiple is based on earnings projected 5 years without interruption. This is how our market is priced today. The One networking company that has been able to avoid loss is actually now an acquisition/holding company. They have assembled a portfolio of companies diversified around a theme and with the backing of a giant. Greg