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Technology Stocks : Ascend Communications (ASND)
ASND 196.46-5.1%1:21 PM EST
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To: swrdfsh who wrote (21694)11/6/1997 11:27:00 PM
From: jhild  Read Replies (2) of 61433
 
There's lots of technicalities to statements by management. Clearly you can't say something that promotes the stock value if it is not true. But saying there were no discussions with LU, could mean that they may have interesst but haven't talked in earnest for instance. And it doesn't preclude any future discussion. LU has a prohibition on pooling of interests until later this next year, hence the Livingston all cash deal. LU can still happen, and his statements could well have been accurate when he made them.

And will you complain with an offer for say 41, even if they have been talking anyway, and he said not? Which class of stockholders is harmed in that case? Only those that coulda, woulda, shoulda, but they will have no standing.
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