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Technology Stocks : Ascend Communications (ASND)

ASND 210.50

+0.6%

3:59 PM EST

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To: Dennis R. Duke who wrote (47434)	5/22/1998 1:47:00 PM
From: Narotham Reddy	Read Replies (1) of 61433

Lucent Will Be in Good Position to Make Big Buy, Analyst Says Bloomberg News May 22, 1998, 5:43 a.m. PT Murray Hill, New Jersey, May 22 (Bloomberg) -- Lucent Technologies Inc. could easily make a $10 billion to $15 billion acquisition as of Oct. 1, when an accounting change will enable Lucent to pay for a purchase with stock rather than cash, said BancAmerica Robertson Stephens analyst Paul Johnson, the online edition of SmartMoney Today reported. Four ''excellent strategic fits'' for Lucent are Ascend Communications Inc., Nokia Corp., Bay Networks Inc. and P-Com Inc.. These companies would help Lucent head off competition from Cisco Systems Inc. as computer networking and telecommunication companies converge into a single market, SmartMoney reported. Executives from networking and telecommunication companies are gathering at the Vortex98 conference in California this week for talks that may determine who provides consumers and businesses with phone and Internet services in the next century. (www.SmartMoney.com 5/22) --Kim Chipman in the Princeton newsroom (609) 279-4041/rmk

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