Ascend Communications (ASND) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Ascend Communications (ASND)

ASND 202.23

-4.2%

Dec 2 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Gary Korn who wrote (26031)	12/5/1997 3:38:00 AM
From: FISHERMAN	Read Replies (1) of 61433

Did Bartaromo say something that in some way verified it or that indicated some veracity? I wish I could have seen her item, but I missed it. Gary, I have Maria's story on tape; It's 3a.m. in NY, but I'll do my best. It was an unscheduled appearance marked News Flash. She said, "Well today folks Ascend Communications ended up 3 1/4 to 26 7/8 on very heavy volume amid wide spread speculation on Wall Street that the company will be taken over by either Lucent or Northern Telecom. I've learned that there's more to this story than mere rumor. Sources believe that over the past few weeks Lucent Technologies did make a $35 per share offer for Ascend. But the sources said that offer was turned down by Ascend because the company is holding out for $40 a share. Now one good source tells me ASND expects Lucent to come back with a $40 per share offer. Earlier this year, Ascend acquired Cascade Communations and this is apparently the crown jewel that Lucent wants..." Hope this helps, and congratulations on your takeover call. Tim

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next