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

ASND 209.02

-0.7%

Nov 24 3:59 PM EST

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To: Frank mancuso who wrote (406)	10/29/1997 8:38:00 AM
From: w2j2	Read Replies (1) of 1629

Ascend not eager to jump into Lucent camp The remote access market continues to consolidate at sky-high prices with Lucent Technology's $650 million purchase of Pleasanton's Livingston Enterprises last week. But the pace of acquisitions may be about to slow. Ascend Communications has been a player in the consolidation process, buying Cascade Communications a year ago, but doesn't have a new acquisition on its radar screen, according to CEO Mory Ejabat. Ejabat, fielding reporters' questions after giving the keynote speech at the telecommuting expo last week in San Francisco, dismissed rumors that Lucent was eying Ascend. Ejabat said the two companies never talked. Ascend and Lucent are teaming to build Kinko's Internet customer linkage at its 830 locations. "Lucent's acquisition of Livingston was good for the industry because by taking control of a small company it will bring better pricing stability throughout the industry," he said. Ascend plans to add 200 people to its worldwide payroll this quarter, primarily in research and development, Ejabat said. He added it has taken a full year to swallow Cascade.

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