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Technology Stocks : Ascend Communications (ASND)
ASND 210.01+1.7%Nov 26 3:59 PM EST

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To: Craig Rogers who wrote (26229)12/5/1997 10:50:00 AM
From: Gary Korn  Read Replies (1) of 61433
 
I have seen this many times before and it usually always goes up to the expected price. ANy thoughts?

I would never expect the stock to go up the expected price. Even after a deal is announced.

For example, it was recently announced that Sony would buy Telemundo at 44. The latter is still just trading at 41 and change. Uncertainty -- particularly with the rumor status of the ASND situation -- plainly calls for a discount.

Gary Korn
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