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Technology Stocks : Ascend Communications (ASND)
ASND 213.41+1.4%1:36 PM EST
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To: SMALL FRY who wrote (29208)1/2/1998 8:28:00 PM
From: Gary Korn  Read Replies (2) of 61433
 
The question... at what price do we sell when it happens? Anybody got an opinion that can help me? 35, 37.5, 40 or >45????

SF,

If there were to be an announced acquisition at, say, 40, the stock will trade at 35-36-37 before you can blink. At that juncture, you can decide whether you want to hold on as a LU (or CPQ) shareholder. I would tend to start liquidating at the announcement juncture (unless it looked like a bidding war could develop), and hold only a portion going forward into the next entity.

If the stock jumps up to 35 on no news (just earnings), then it should still retain a greater degree of upward potential (perhaps including a buy-out figure higher than 40). I've no idea how to play the game if this happens. Someone else will, no doubt.

Gary Korn
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