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

To: steve poon who wrote (54467)	9/19/1998 12:43:00 AM
From: gbh	Read Replies (1) \| Respond to of 61433

Steve, remove the buyout factor and its a $40 stock. Add some back for good earnings. 40 is a forward PE 25 for next years anticipated earnings. As long as the company continues to deliver consistent earnings (meeting expectations), the absolute downside in any market should be a forward PE of 20. We saw close to this on the recent temporary drop to 32 on 9/1. Frankly, I can't see the stock below 35, except under the most dire market conditions. Of course, if they miss the quarter, or predict a bleak future in the CC (neither of which I think is possible) then all bets are off. Gary