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Technology Stocks : Ascend Communications (ASND)
ASND 209.02-0.7%Nov 24 3:59 PM EST
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To: Gary Korn who wrote (21194)11/5/1997 8:01:00 AM
From: Jeff Jordan  Read Replies (1) of 61433
 

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.

First! This is the last time I type ($20). And there is a big difference at that number and the 24's.

I personally can't see it?

I'm pretty sure I'm looking at the bottom.

I'm buying more today.

Jeff
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