Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: garrick le who wrote (52556)	8/24/1998 10:32:00 AM
From: Paul Shread	Read Replies (1) \| Respond to of 61433

Garrick, ASND is overvalued, its run-up began with rumors of an LU buyout, and that's all there is to it. Yes, business has picked up, but I doubt you could convincingly argue for a PE greater than 25 -- except if you factor in a buyout premium. You can argue whether it's $5 or $10, but there is a buyout premium built in here, as it is in all networking stocks, but you can't argue it's not there. Do your own DD; it's your money, not mine. I'm just here to keep Mory honest and ASND shareholders realistic. Paul P.S. Gary's response (#52547) was the only one I couldn't argue with.