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Technology Stocks : Lucent Technologies (LU)
LU 2.550+2.4%Dec 1 3:59 PM EST
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To: Techplayer who wrote (9229)8/20/1999 4:15:00 AM
From: Dee Jay  Read Replies (1) of 21876
 
the purported fact that CSCO turned down chances to buy INS is reminiscent of another similar case a few years back - they owned a very significant chunk of Cascade but failed to convert that to a buyout.

But Ascend saw the possibilities and snapped up Cascade right when their stock had plummeted for various reasons. And of course Cascade's products (leave aside a recent contretemps with MCI, still a bit confusing) grew Ascend to the point where LU had to buy ASND...and the rest is history.

Of course Chambers badmouthed the ASND-CSCC deal but I think he has lived to regret not grabbing CSCC when he might have...perhaps he'll feel the same way about INS as well.

Dee Jay
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