Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.00

-0.6%

Dec 16 3:59 PM EST

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To: Sector Investor who wrote (50119)	7/16/1998 7:52:00 AM
From: ricky	Read Replies (2) of 61433

Sector, I agree with you and Djane on the LU/ASND merger topic. The only problem is there will be a mass exit by the ASND engineers and sales staff unless LU will honor their stock options which vest 20% per year for most employees. The corporate structure at LU is much different than at ASND. ASND gives their employees thousands of stock options. There are engineers getting over 10K options and in some cases a lot more. The people at ASND are very talented and will move on if this carrot is take away. They are getting very comfortable with making hundreds of thousands of dollars every year or so and will move to start ups after their options are vested. The company will not be the same without these people. LU cannot match ASND in this catagory. LU should consider this before buying ASND. Will it be the same company after a takeover/merger? Ricky

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