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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: Mike McCauley who wrote (48801)6/16/1998 8:07:00 PM
From: Jan Crawley  Read Replies (3) of 61433
 
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?

Mike,

I have limit knowledge in this area. However, my understanding is that "Pooling of interest" applies to merger via stock purchase only. LU can purchase Asnd via cash purchase anytime.

LU must wait 2 years before pooling of interest method of purchasing can be used. Due to the SEC rules cover At&T/LU separation.
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