Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 211.05

-0.7%

Dec 1 3:59 PM EST

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To: Richard Chow who wrote (25780)	12/4/1997 7:24:00 PM
From: Dwight E. Karlsen	Read Replies (4) of 61433

It's interesting how everyone has accepted as gospel that Ascend did indeed reject a $35 bid. If you just take a price today, $25, and go to $35, that's a 40% premium over market. What makes any of you think any suitor is going to pay more than 40%? If I found out that the CEO of a company whose stock I owned turned down a 40% premium, I would be plenty angry at such a stupid greedy CEO. After all, 40% in the pocket is far better than 13% on a rumor. DK

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