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

To: sbeckbal who wrote (55283)	10/5/1998 9:23:00 PM
From: michael modeme	Respond to of 61433

Long-term growth rate for LU is estimated to be around 21% currently has a P/E of 36. CSCO is estimated to have a long-term growth rate of around 26% with a P/E of 42. I think that looking at P/E ratios is often a poor measure of a company's value. One more point: you don't find very many large caps with estimated 20+% growth rates (and consistent high past growth rates). Historically, techs have been the best performing sector in the market (with financials a close second), and networking/telecom is one of the fastest within tech stocks, so when these stocks take a plunge due to market conditions, that's when I buy like crazy -- I see no better option. Techs are the future.