Ascend Communications-News Only!!! (ASND) Message Board

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Technology Stocks : Ascend Communications-News Only!!! (ASND)

ASND 196.01

-0.8%

3:59 PM EST

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To: Tech Bull who wrote (1476)	6/17/1998 8:37:00 PM
From: Mort	Read Replies (1) of 1629

More ASND takeover talk. This time by Ericsson AB. bloomberg.com Ericsson in Talks With Ascend, Networking Firms, Person Says Ericsson AB, one of the world's largest telephone-equipment makers, is in talks to acquire Ascend Communications Inc. and other computer networking companies, a person familiar with the talks said. Ericsson wouldn't comment on specific targets. The company ''is very interested in data networking companies,'' said Ericsson Vice President for Corporate Communications Kathy Egan. Ascend declined to comment. The Swedish company wants to acquire a U.S. networking company after talks with Bay Networks Inc. failed, the person said. This week Northern Telecom Ltd. agreed to buy Bay for US$7.27 billion.

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