Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.50

+0.5%

Nov 21 9:30 AM EST

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To: Gary Korn who wrote (25004)	11/30/1997 4:06:00 PM
From: satish kamat	Read Replies (2) of 61433

Gary: Thanks for putting together a very strong case for an aquisition of ASND based on public info (vs. my broaker told me). It's good that we have people from different disciplines ( lawyers, technologists, CPA, day-traders, options specialists, college kids, etc.) contributing to make an intellegent decision. As I have posted earlier, I believe that ASND will be aquired soon either by a PC maker (CPQ) or a telco equipment maker (LU,NT). What I am not sure about its nature: it more look like a hostile merger. And following may explain why: Maveric posted this earlier: <(11) Mory mentioned he exercised options recently to thwart some possible hostile takeover (According to SEC rule, there is a black-out period between exec. option exercising and when the M&A takes place)> - - this will explain a lot of recent activities which made us split our hair. [1] Buying CSCC: If you have a strong shot at becoming industry giant, you start by putting together the infrastructure though it will result in a short term beating (price going down to 22). [2] Continued insider selliing spread out over entire window to ensure that any takeover will be delayed. However, not a single executive sells the entire position. [3] No buy-back program though company is sitting on $550MM [4] Bringing in a well-known merger expert CFO with right connections (PacTel). I think you are correct in hypothesizing that ASND was approached by more than one org. for possible merger in last few weeks, but Mory wants top doller ($100). That may explain if we don't see any announcement as ASND will sell when company is seen strong again. satish kamat

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