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Technology Stocks : Aspect Telecommunications (ASPT) -- Ignore unavailable to you. Want to Upgrade?

To: Prof who wrote (475)	10/26/1998 6:48:00 PM
From: Carl Hindman	Read Replies (2) \| Respond to of 2018

I Couldn't resist picking up a couple of hundred last Friday, but now I'm thinking about getting more serious. As I see it: 1 ASPT made the 3q numbers (barely) pre-charge off 1 penny (4%) after charge 2 Has forward P/E now of about 10 on consensus estimates 3 Looks to grow about 30% 98 to 99 instead of 40% 4 Downgraded from "strong buy" to "buy" (I guess there's no such thing as a "weak buy" :) 5 Thinks they'll grow big in Asia despite recession 6 Analyst fears effect of "economic slowdown" (when the hell haven't analysts feared this ???) 7 Have been accused of channel stuffing when > 80% of sales are direct. 8 History of being premier supplier in CTI call center 9 New partnerships etc. etc. 10 Trades at 34% of recent 52 week high. (Winning an honorable mention in the 1998 falling knife contest ... way behind CIEN et al) What is wrong with this picture? There seems to be a little more insider sales than I would like to see, but it doesn't look organized or concerted at all and I can't find any other negatives. I held a few shares of ASPT from Aug 97 through July 98 and recall that it seemed a little volatile as if noone could quite convince themselves that it was an OK Company. Is ASPT just being punished for only growing 11% in 98 or is there some invisible bogey man that we just aren't smart enough to see here?