Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.29

-2.2%

Nov 19 3:59 PM EST

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To: Tim Luke who wrote (20186)	10/31/1997 10:53:00 AM
From: Gary Korn	Read Replies (1) of 61433

The following is from a post on the news thread. An article in the San Jose Mercury. ASND has new CFO (alas), but one with a penchant for joining target companies: THREE'S A TREND: Having made the case for Ascend not being buyout fodder, here's one suggestion that it is. It's hired a CFO with a penchant for joining companies that get purchased. Ascend today is expected to tap Michael F. G. Ashby to replace Dahl, who will remain with the company in a planning position. A native of the United Kingdom, Ashby, 48, was CFO of Pacific Telesis Group's unregulated business before the company was acquired by SBC Communications Inc. He also headed Network Systems Corp. in Minneapolis before that company was swallowed by Storage Technology Corp. and crunched numbers for El Segundo-based Teradata Corp. before it was snapped up by AT&T Corp. Ashby says, tho, that he wants to break the trend and remain independent.

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