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

To: Paul Shread who wrote (52530)	8/21/1998 3:32:00 PM
From: Jan Crawley	Read Replies (2) \| Respond to of 61433

And ASND really can't argue it's a growth stock again until its earnings eclipse the old highs of 36 cents or so. So I'll grant you $40 based on a forward projection of $1.60 -- except that it's a little bit early to pay for next year's earnings already. Please Paul, Asnd's visibility has been clear and consistent for the past three quarters and will be in the future quarters. I was being conservative using 30%....35% is more appropriate. Check Csco's P/E... By the way, the old high of 36 cents carried $70 plus Asnd price!