Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 207.30

-0.9%

3:26 PM EST

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To: Gary Korn who wrote (26581)	12/9/1997 2:00:00 PM
From: Maverick	Read Replies (3) of 61433

Hello Gary, I can only give you public info on the rumor as I am not at liberty to share everything with you. The following was printed in San Jose Mercury newspaper 12/6/97. Ascend shares jumped Friday amid speculation that it received a takeover offer and following its forecast that 4th qtr earnings will meet estimates. Ascend was up $2.06 to $28.94 in trading of 30.1 MM shares - the most active issue on US markets. It has risen 22 % since Wed. CNBC cited unidentified sources in reporting that the Alameda computer networking co. turned down a $35-a-share bid from Lucent, holding out for $40 a share. Ascend repriced employees' stock option for the 2nd time at $24 11/16 a share. I wouldn't advise on shorting or selling naked puts right now. Short covering and squeeze, good earning, and rumor will propell ASND upward. I have maintained all along that ASND will unlikely remain an independent entity even before the rumore broke out.

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