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

To: Tim Luke who wrote (48793)6/16/1998 6:15:00 PM
From: gbh  Read Replies (1) | Respond to of 61433
 
Don't know when but asnd should have a value of 70 by the end of the year

Tim, the stock seems fully valued right now, maybe even a little high. Only way to 70 is:

1) Takeover at 75 (will fall back to at least 70 after its announced like the others have).
2) Blow out earnings (not likely; they are being managed to 30% growth it seems).

Gary



To: Tim Luke who wrote (48793)6/16/1998 7:21:00 PM
From: username  Read Replies (1) | Respond to of 61433
 
Wow! That is 59% higher than your earlier prediction! Tim, what made you up your estimate? (Not that I disagree...) :o)pete


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