Ascend Communications-News Only!!! (ASND) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend Communications-News Only!!! (ASND)

ASND 210.01

+1.7%

Nov 26 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Duke who wrote (339)	10/17/1997 1:15:00 PM
From: Maverick	of 1629

MCI steps away from BT, Part II To carry out its transaction, GTE would have to borrow an estimated $28 billion, triggering a temporary decline in GTE's earnings growth rate. The WorldCom bid is payable entirely with its high-flying stock, which is subject to market fluctuations, unlike cash. A source close to WorldCom's group of advisers said MCI's decision to talk with GTE and WorldCom was not a surprise. "BT is not a bidder here any more," the source said. "MCI now has leverage to the extent that they are talking to both (GTE and WorldCom). I think they are going to try to work out deal with one of them and agree to that deal and shut out the other," the arb said. On Thursday, GTE shares closed 3-1/4 lower at 44-3/4, MCI jumped 1-1/4 to 38-1/8, WorldCom shed 11/16 to 34-3/4 and BT's American Depositary Receipts added 1-1/8 to 76-1/8. ((New York equities desk, 212-859-1734))

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next