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Technology Stocks : Ascend Communications (ASND)
ASND 206.43-1.2%3:36 PM EST
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To: emil who wrote (27435)12/10/1997 6:51:00 PM
From: Glenn D. Rudolph  Read Replies (1) of 61433
 
Wonder what the LU/ASND theorists think about this: strengthen the possibility or does it seem less likely? LUCENT TECHNOLOGIES said it will acquire Prominet Corp, a privately-held start-up developer of local area network (LAN) switching equipment, for about $200 million in stock. Marlborough, Mass.-based Prominet develops switches that connect PCs, workstations and servers using Gigabit Ethernet and integrated routing, referred to as Layer2/Layer 3 capabilities in the data networking industry. The purchase is expected to result in a one-time, non-cash charge against earnings. Excluding the charge, the impact of the purchase to earnings in fiscal 1998 is expected to be immaterial, Lucent said. (Reuters 09:55 AM ET 12/10/97) I believe it strengthens the theory. LU has indicated their desire to enter the networking sector via aquisitions. They have been making aquisitions. Livingston and Prominet Corp recently. None of these make a dent in LU's balance sheet. They have acquired equipment makers for some remote access and LAN. They do not have high end remote access and WAN equipment makers. I wonder who has that technology???? COMS would be redunadant since they have LAN equipment. Time will tell. Glenn
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