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

To: Dan Hua who wrote (50156)	7/17/1998 2:06:00 AM
From: Bindusagar Reddy	Read Replies (1) \| Respond to of 61433

Dan, that means nothing they base the PE in past 12 months which includes charges. Ex. 2Q 97 they had 26 c loss due to a charge instead of 30 c operating profits. They most likely did not update to the most recent 4 quarters. Last 4 Q 20+24+26+29 close to a 1 doller that puts trailing PE of 53. Next 4 Q est. 31+34+38+42= 1.45 that puts PE at 35 range. 1999 estimates are 1.60 PE on 1999 of 32 and the estimates will keep going up. Remember the above are given by the company, very conservative. They should beat every quarter by 1-3 c. Never look at trailing PE. Low trailing PE company always stays low. High PE keeps going up. Street prices the companies looking forward not looking in past. BR