Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 204.41

-1.0%

Nov 14 9:30 AM EST

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To: Sandy who wrote (30227)	1/13/1998 7:24:00 PM
From: Maverick	Read Replies (1) of 61433

Considering SSB's $35-ASND-12-mo target price, a merger would push the price to at least low 40s. It certaingly beats the SSB's target price. It took LU 8 month from when the rumor started to actually buy Octel. The improved visibility forces the potential acquirer to act quickly and at a good price. I wouldn't mind a price > $42/shr. A merger usually happens when we least expect it. On the other hand the conservative price target of $35 by SSB gives ASND mgmt more incentive to agree to a synnergistic buy out to deliver the best return for shareholders. It's about time to do shareholders something nice given that they have been traumatized over 1/2 year.

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