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Technology Stocks : Ascend Communications (ASND)
ASND 196.81-4.9%Dec 9 3:59 PM EST
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To: Robohogs who wrote (48792)6/16/1998 7:45:00 PM
From: Mike McCauley  Read Replies (3) of 61433
 
>> As an investment banker, I can categorically state that it is the date of contemplation matters for tax purposes. LU can't even consider a takeout of ASND before October 1, 1998 or else thepooling treatment will be blown.<<

Interesting. Do you know the reason for this? Wouldn't that's be like the IRS telling me I have to pay short term capital gains on a stock I sold after holding it for 18 months because I contemplated selling it at an earlier date?
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