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: Jeff Jordan who wrote (30257)	1/13/1998 10:43:00 PM
From: john dodson	Read Replies (1) of 61433

I would think because they only want to pay $35-40 and Ascend is worth about $50. We will be at $40 soon...so by June who knows....maybe will have someone more serious involved by then? Jeff, I agree that ASND probably doesn't really want to sell below $40. However, if we take it at face value (per Maria B) that ASND countered LU's offer of $35 with $40, then how could that happen? One way would be to reach an agreement, say for $40 now, effective 10/1/98, unless there are legal reasons to prevent that. I'm with you. If LU doesn't act soon, they'll have to pay a hell of a lot more than $35-$40 for ASND, especially if they wait until the end of the year (how long is that in web years?) -John

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