Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 205.50

-1.5%

Dec 5 9:30 AM EST

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To: Gary Korn who wrote (20461)	11/2/1997 3:53:00 AM
From: Chuzzlewit	Read Replies (1) of 61433

Gary, you're forgetting the dilution. There are currently 188.9M ASND shares outstanding and 345.9M COMS shares o/s, so the combined company would have 534.8M shares o/s if the conversion were 1:1. The combined market capitalization is $19,454.9M (using Friday's closing prices) which would yield a price per share of about $36 3/8 assuming the street were neutral about the merger. Look at what happened when MCAF announced a merger with NETG. My guess is that if the merger were to be announced ASND would trade at about $35 1/2 - $36, and COMS would trade at about $35 3/4 - $36 1/2. Regards, Paul

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