Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Bat5454 who wrote (36639)	11/18/1998 10:25:00 AM
From: Knighty Tin	Respond to of 132070

BT, I have not mentioned Ascend for awhile. I put it on the back burner, along with several other overpriced stocks, until after the Xmas lies start to be proven false on a daily basis. Which I predict will be about Dec. 7. I think Lucent likes Ascend's business. But I don't think they will be dumb enough to buy them at 48 times eps. True, they can use bloated stock at over 100 times eps to buy with, but, still, they will notice that Ascend is probably 80-100% overvalued. I suspect they will snatch them up on their next trip to the 20s. So, after the Xmas lies, Ascend will be one of my put stocks, assuming it hasn't crashed in the meantime. BTW, I think Ciena is a much more likely takeover target than Ascend. MB