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Technology Stocks : Ascend Communications (ASND)
ASND 205.50-1.5%Dec 5 3:59 PM EST
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To: Joseph Colombo who wrote (51389)8/3/1998 12:53:00 PM
From: Robohogs   of 61433
 
This deal is too tiny to matter to LU (and even ASND). Let's look at the deal.

We get:

over $500 million of cash post divestitures ($250-300 now plus another $250 or so from divestitures)

Telecom biz expanding our capabilities (VoIP)

We give:

$800 million of stock which used to be worth a billion

The upshot is that we will end up spending $300-400 million which represents less than 4% of our market cap. For LU at $100 billion, we're talking rounding error.
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