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


To: Tim Luke who wrote (53994)9/10/1998 11:11:00 AM
From: gbh  Read Replies (2) | Respond to of 61433
 
you guys need to realize asnd is moving on takeover rumors and rumors alone. if they don't
pan out over the next month or so this stock is going to take a big hit good earnings or not.


Tim, what is this based on? Good earnings will drive fairly priced companies. Even in this market, ASND is "fairly" priced in the 38-42 range. PE in line to slightly lower than projected growth rate.

Maybe you see the market going MUCH lower. How low?

gary