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Technology Stocks : Westell WSTL

WSTL 6.050

-1.3%

12:04 PM EST

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To: bill c. who wrote (8135)	12/4/1997 10:26:00 PM
From: SteveG	Read Replies (2) of 21342

<..Lucent has to wait until April to use the pooling of interests accounting method. Lucent purchased Livingston for 650 million in cash to fill their RAS void. $6 billion is expensive for ASND..> I remember reading about their accounting switchover, but don't know the details. What I am fairly certain of is that an offer WAS made, and turned down, at $35 (having heard it earlier today from reliable sources and then hearing it confirmed a little while ago on CNBC, which is when I posted it). We'll likely hear more in the days to come. Nortel is also considered a possible bidder. Price target? $40. Watch for an ASND gap up tomorrow. Steve

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