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Technology Stocks : Ascend Communications (ASND)
ASND 207.04+0.7%Dec 8 3:59 PM EST

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To: Terry Audette who wrote (48992)6/18/1998 8:11:00 PM
From: bucky89   of 61433
 


bucky89 Do you think there is any way LU would buy ASND if someone
else was trying to do so, prior to 10/1. I realize this would not
allow them to use pooling of interest.


Of course. Lucent could go to the bank, take out a $15B loan, and buy Ascend. If Mory accepts, then all Ascend shareholders get a giant tax bill for 1998.

I don't think this will happen. Lucent is probably communicating secretly to Mory that they will offer a better price on Oct 1. LU will offer stock, which will allow ASND shareholders to defer taxes.

bucky89
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