Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 213.41

+1.4%

1:36 PM EST

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To: David L. who wrote (25737)	12/4/1997 6:21:00 PM
From: Sowbug	Read Replies (1) of 61433

Here's an argument for target of $40 (not sure whether I believe it myself): ASND was at around $35 in mid-October -- my memory is weak, but wasn't that when the first LU buyout rumor surfaced? The rumored price then was $35. So same drill, but now it's rumored to be $40. So maybe we'll hit $40. Makes no sense to me -- why pay $x for a stock that'll be bought out some months in the future at $x? But I'm not complaining if it happens. Long at $32..... Sowbug

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