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

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

ASND 210.01

+1.7%

Nov 26 3:59 PM EST

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To: Mike Denman who wrote (344)	10/17/1997 5:59:00 PM
From: Gary Korn	of 1629

(REUTERS) Ascend <ASND.O> declines comment on Lucent <LU.N> Ascend <ASND.O> declines comment on Lucent <LU.N> ALAMEDA, Calif., Oct 17 (Reuters) - Ascend Communications Inc <ASND.O> officials declined to comment about market speculation that Lucent Technologies Inc <LU.N> was looking to buy Ascend next. Ascend shares were 1-1/4 at 34-7/8 in late afternoon trading. The Wall Street Strategies newsletter linked the strong performance, on a day when other technology stocks were down sharply, to a buyout rumor. Stock of Ascend, which makes telecommunication gear for Internet service providers, has jumped several times in recent months on speculation that it would be a nice fit for larger networking gear vendors. Lucent, a maker of telecommunications gear for telephone companies, earlier this week Lucent shares were down three at 85. REUTERS * end of story *

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