Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.91

-0.8%

3:59 PM EST

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To: Clare who wrote (25965)	12/5/1997 12:18:00 AM
From: sepku	Read Replies (3) of 61433

>>>Could it be because LU can't wait until it CAN do a pooling of interests. If Nortel is indeed interested in Ascend, then LU has to move now. Otherwise Ascend will be gone. The fact that they are holding out for a higher price suggests that LU isn't the only suitor! Maybe LU can only afford $35 (cash). But that's not to say someone else can't do a pooling of interests at a higher price.<<< Another possible scenario is that LU suspects NT will be making a move on ASND. Since LU cannot use a stock swap in an aquisition, they may sense they are at a severe disadvantage in any bidding war with their archnemesis, providing they hope to either own ASND in the future for their own strategic foray into the telco/ISP networking biz, or to simply deprive NT of such a prize...likely both. If they cannot have ASND, and cannot prevent NT from leap-frogging them in this arena, they may simply wish to drive up the bid and make NT pay dearly for the company. Pure speculation, of course. Style Pts.

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