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

To: Terry Audette who wrote (52874)8/27/1998 7:55:00 AM
From: MR  Respond to of 61433
 
I hope not.



To: Terry Audette who wrote (52874)8/27/1998 9:01:00 AM
From: gbh  Respond to of 61433
 
Terry, I don't know much about TA, but I suspect you may be right about low 30's. It seems PE's on many stocks are being pulled in to more closely reflect true future growth potential. With ASND slated to earn 1.18 - 1.20 this year (this is still forward looking, too), a 30 forward PE (6 month forward in this market is not unreasonable) leaves us sadly at around 34-36. Ouch.

Of course, DELL and CSCO continue to defy gravity.

Gary


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