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


To: pat mudge who wrote (47286)5/20/1998 11:20:00 PM
From: FUZFO  Read Replies (1) | Respond to of 61433
 
From briefing.com:
Computer Networking
Brief: The best thing that can be said about Wednesday's session was that the group did better than the rest of the tech sector... General tone was weak, however, as only 3Com and Ascend managed gains... Ascend's valuation levels getting a little rich as stock trading at 40x estimated earnings... Puts it into CSCO's league though earnings have been nowhere near as dependable... Takeover premium one factor inflating the multiple.

Fuzfo