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Technology Stocks : Ascend Communications (ASND)

ASND 201.40

+2.3%

3:59 PM EST

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To: Mark Duper who wrote (49218)	6/24/1998 8:10:00 AM
From: Lee Ring	of 61433

From Infobeat: Cisco Systems Inc. said it will remain an independent maker of telecommunications networking equipment after acknowledging it tried and failed to create partnerships with Lucent Technologies and Northern Telecom Ltd., the New York Times reported. In an interview with the paper, Cisco's chief executive John Chambers said: "We are not going to do a blockbuster merger with somebody else. Zero chance. It would be a disaster for the shareholders." Chambers dispelling any thoughts that Cisco would take part in the rapid consolidation of the networking industry that could leave just a few independent equipment makers. However Chambers told the Times that he would consider smaller acquisitions. See full story infobeat.com

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