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Technology Stocks : Ascend Communications (ASND)
ASND 213.61+1.5%3:10 PM EST
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To: Jeff Mills who wrote (21185)11/4/1997 9:49:00 PM
From: Gary Korn  Read Replies (3) of 61433
 
I would like to see at least a test of the low $20 range. It may never happen.

Jeff,

While I wait for the details of a merger deal to be announced, I could live without a test of the low $20 range. <G>

I still believe, though, that we are looking at about 8 times sales, or $48ish, as an acquisition price. My concern, as stated earlier tonight, is that if ASND were to fall further (farther?), the acquirer might want to renegotiate this assumed baseline. Hence, notice the sudden conservative support from management.

Gary Korn
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