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Technology Stocks : USRX
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To: Price Monger who wrote (17282)3/31/1997 2:01:00 AM
From: Michael Anthony   of 18024
 
In this case, the "acquiree" is the one with bad news on earnings. Seems to me that COMS bought a strong company. Ascend bought a company losing significant money this quarter. Monetarily, it looks like each combo has a positive earner and a waek one, but I think COMS bought a better company, while Ascend got a better "bargain" in that the deal is about 40% less expensive as US was for COMS. I haven't crunched any numbers, so it could go either way tomorrow I guess for USRX. However, I think ASND will trade lower due to Cascade announcing lower revenues. Notice that Ascend had no comment on Cascades earnings warning? They had to know if they did their due diligence, no?. Do they think it's already in the price? CSCC would've been alot cheaper to go after tomorrow after the earnings warning:) Any number crunchers out there?
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