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Technology Stocks : Ascend Communications (ASND)

ASND 212.33

+1.1%

Nov 28 9:30 AM EST

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To: pass pass who wrote (24713)	11/26/1997 12:20:00 AM
From: Gary Korn	of 61433

CPQ/NETWORKING article #5 (see BOLD): 4/11/97 Fin. Post 55 1997 WL 4091943 The Financial Post Copyright The Financial Post Friday, April 11, 1997 1, News BUSINESS BRIEFS: UNITED STATES Compaq makes US$280M purchase Reuter Compaq Computer Corp. said yesterday it has agreed to acquire Microcom Inc., which makes remote-access technologies and computer modems, for US$280 million. Under the deal, Compaq will pay US$16.25 for each Microcom share. Microcom stock (MNPI/NASDAQ) closed up US$5 7/16 to US$15 15/16. Compaq shares (CPQ/NYSE) dropped US$2 7/8 to US$75 1/4. "Development of the strategically important and rapidly growing remote-access market is a top priority in Compaq's move to expand its communication products business," said Alan Lutz, senior vice-president of Compaq's communication products group. Remote-access technologies allow users to work on a computer network from another location. Compaq, the world's largest maker of personal computers, estimated demand for remote-access server computers will grow from US$3 billion in 1996 to US$8.3 billion in 2000. * Infomart-Online *

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