Ascend Communications (ASND) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend Communications (ASND)

ASND 210.01

+1.7%

Nov 26 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Captain James T. Kirk who wrote (24563)	11/24/1997 6:30:00 PM
From: Gary Korn	Read Replies (2) of 61433

IBM has been purchasing asnd stock, for 4 weeks now. Gary, can you confirm ? I had heard a rumor about IBM looking to buy BAY this summer, but that it was turned down. If true, that might have caused IBM to look to ASND. My theory is that IBM (or another entity) may in fact have threatened to take over ASND back on 11/11ish (remember when ASND was remarkably strong against a very, very weak market? Remember also the intense Nov. call activity...someone had expected something to pop in November) I think that, perhaps, IBM's (or the other entity's) bid was rejected, or perhaps a poison pill (massive stock dilution) was threatened. I think another suitor(s) is out there, with which ASND remains in discussions for a better price. That suitor may be doing the accumulation we've seen from 11/12 thru 11/21. I'm still waiting for mid-December for news. But heck, if it is IBM, I'm not opposed (if the price is right). Gary Korn P.S. If ASND spurned IBM, there is always COMS.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next