Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 220.42

+4.9%

Dec 12 9:30 AM EST

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To: djane who wrote (51832)	8/8/1998 12:45:00 AM
From: Bharath Rangarajan	of 61433

Re: "[ASND will] Pay $822 million in stock. Ascend will exchange 0.75 shares of its own stock for each outstanding share of Stratus. This purchase price will be offset somewhat [uh, cash would probably be offset completely] by Stratus' $280 million cash in the bank. " Actually Stratus has quite a bit more value. The book value is about $24/share. Current assets are ~ 500M, while current liabilities are at ~150M. In addition, the cash flow per share is quite positive. On the whole, it might be quite positive (from purely a financial point of view). Of course, adding this in the Forrester article would have made the report look wishy washy! Regards BR

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