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Technology Stocks : Ascend Communications (ASND)
ASND 196.84-4.9%3:59 PM EST
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To: Ashley Campbell who wrote (47371)5/21/1998 5:55:00 PM
From: stilts   of 61433
 
There are always some people who can't resist a junk sale. Perhaps some remaining shareholders are hoping the proposed plan doesn't get approved by a sufficient amount of debt holders or by the bankruptcy court (perhaps on the argument that LGE is unfairly taking advantage of its position as a majority shareholder as well as a debt holder who is getting all of Zenith for too little consideration). Perhaps other shareholders are in a "tarn stare" (which I believe is the expression describing the condition of a creature frozen by fear and shock, like a rabbit frozen in the headlights of an oncoming car). Perhaps other shareholders would just as soon try to take their tax loss next year.

stilts
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