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Technology Stocks : Cascade Communications (CSCC)

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To: Timothy R. Mills who wrote (3674)	6/10/1997 12:49:00 PM
From: TEColeman	of 3743

Timothy, The latest news: ALAMEDA, Calif.--(BUSINESS WIRE)--June 10, 1997--Ascend Communications, Inc. (NASDAQ:ASND) and Cascade Communications Corp. (NASDAQ:CSCC) today announced that they had received notice from the Federal Trade Commission that the waiting period relating to the proposed merger of Cascade and a wholly-owned subsidiary of Ascend under the Hart-Scott-Rodino Antitrust Improvements Act (the ``Act'') had been terminated. The companies are therefore eligible under the Act to proceed with the merger. The companies expect to close the merger by June 30, 1997. Why does the market not favor this merger? TEC

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