Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.01

+1.7%

Nov 26 3:59 PM EST

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To: Gary Wisdom who wrote (39683)	3/17/1998 11:39:00 PM
From: pat mudge	Read Replies (3) of 61433

Sorry to be the bearer of bad news, but I sincerely doubt the total holdings of EVERYONE on this thread would add up to one of those big blocks we saw today. I wouldn't underestimate the power of this thread. When it was announced that TI was buying Amati Communications and that they would close the deal before the end of December if over 80% of the shares had been tendered, SI followers who wanted a 1998 tax event decided not to tender and when the deadline came and went, TI received only 78% of the outstanding shares -- and that included options. Those who didn't tender were put into a "second stage closing" which was completed the end of February. I honestly don't think this could have happened without the Internet. And I certainly wouldn't underestimate the holdings of some who post. Just my take. Pat

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