Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 200.34

-0.9%

3:59 PM EST

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To: luther yow who wrote (50891)	7/31/1998 12:41:00 PM
From: The Phoenix	Read Replies (2) of 61433

Luther??? What's a rumor? the SRA deal??? It was the top story in the San Jose Mercury New this morning. Article by Adam Lashinsky whom has done a great job for the paper - a very insightful guy I've noticed. Anyway, the article reads: Ascend Communications Inc. (Nasdaq, ASND) plans to acquire Strata Computer Inc (NYSE, SRA) for about $800 million in stock next week, the latest deal in the quickly combining telecommunications and dataworking industries. The buyout would cap a dramatic turnaround for Alameda-based Ascend, whose previous acquisition, of Cascade Communications Corp., derailed the company's stock for a year. It also thrusts Ascend into the role of predator, despite the conventional wisdom that it is a takeover target of Lucent Technologies Inc. (NYSE, LU). Rumours of an Ascend-Stratus deal have been swirling on Wall Street since mid-week and both companies' stock prices have surged [they have?]. A source familiar with the discussions confirms the acquisition will be announced shortly. Another source, an executive with a company that competes against Ascend, says that Marlborough, Mass.-based Stratus recently had put itself up for sale. .....there's more but I don't want to type anymore... HOpe this helps put this rumor to bed. OG

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