Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.15

-1.5%

Nov 20 3:59 PM EST

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To: Gary Korn who wrote (24946)	11/29/1997 12:23:00 PM
From: Larry Myers	Read Replies (3) of 61433

>>(2) It is easier to justify a sale in the face of an impending takeover at a price $23 above the going price than it is a "buy." Unlikely the SEC would object to a sale of a few shares. (3) There may have been extenuating personal circumstances-- like an illness in his family -- that caused all concerned to allow Hendren's sale to happen. Gary Korn<< If I were an insider and I knew my company was going to be taken over and I wanted to sell some of my stock I would instead do this: Use my stock as collateral and borrow the money. This way I would still be able to sell the stock at the takeover price and then pay off the loan. The interest on the loan would be nothing compared to my gain on the sale of the stock. Takeover...? what takeover? There is just too much competition in networking now to justify a takeover at the price needed to make it happen. At $40 a share the cost would be $8 billion. Who's willing to pay that. Sure hope I am wrong. LJM

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