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


To: Paul Shread who wrote (52638)8/24/1998 11:02:00 AM
From: garrick le  Read Replies (1) | Respond to of 61433
 
paul,

ASND is expected to earn 1.20 in 1998,1.70 in 1999.
That is a growth of 37 %.
1.7*37 = 62.9.
That is based on forward PE and earning.
Plus its product are high end,high margin unlike
COMS,etc.
Now tell me why ASND is overvalued and should not command
a PE of more than 30.Not to mention ASND has products that
's best in its class in terms of performance .

GL