Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 207.04

+0.7%

3:59 PM EST

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To: mrclinton who wrote (51512)	8/4/1998 3:03:00 AM
From: Joseph Pareti	Read Replies (1) of 61433

Re: STRATUS acquisition The street hasn't forgotten the aftermath of Cascade acquisition, the 8k filing of July 1997, the uncertainty around ASND financials in the 3Q1997. Now Cascade proved to be the winning bet (as well as the decision to appoint Michael Ashby CFO ). I am wondering if Stratus can provide much of the same or if it just rekindles doubts on ASND. Consider the following. (comments are welcome ). By the way I considered Friday's sell off as a buy opportunity and bought more :-) "I still don't think they needed the whole company," said Steven Frenkel, an analyst at Paragon Capital. "Although they are going to sell off the other divisions, how much are they going to get for them, and who is going to buy them?" Most analysts agreed that the task of finding buyers may be more difficult than the company expects. There is speculation that a buyer or several buyers already have been found, which Ascend declined to confirm. "I don't think they are going to get much for those divisions," Frenkel added. "Most likely, they are going to have to eat the losses"

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