ASND mentioned in Money Magazine
I just recieved my special midyear investment report (August 1998) of Money.
There is a short article on page 36 that discusses Symantec being bought by IBM in the first half of the article. But in the second half of the article it mentions ASND as the more likely takeover candidate. Here is the last paragraph.
"The more likely takeover tarket is Ascend Communications ($49), a maker of data networking systems. Supposed acquirers: Ericsson, Lucent, 3COM, Cisco, and Tellabs. The best bet is Lucent, the leading U.S. maker of telephone switching equipment, says analyst David Powers, at Edward Jones. But one astute cyberinvestor, Brandybuck, figures Lucent may wait before pouncing. Brandybuck corretly notes that accounting restrictions resulting from AT&T's 96 spin-off of Lucent prevents the company from using the favorable "pooling of interest approach to a merger until Oct. 1."
Also in the Money Pro section of Money Mag., Brandwine's Mutual Fund Manager states that they have been buying Ascend and Fore. Apparently, Brandywine had lots of cash and missed a lot of the run up earlier in the year.
Thanks, Jon Cave
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