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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (19122)7/31/1998 1:55:00 PM
From: George Mc Geary  Read Replies (1) of 50167
 
IQ, one of your favorites: Ascend Communications (ASND) 45 5/8 -5 7/8: Networker's shares taking it on the chin as investors fear that company will soon announce acquisition of fault tolerant computer systems maker Stratus Computer (SRA 29 11/16 +1 11/16) . Lending credibility to the rumor is an article today in the San Jose Mercury, which reports that Ascend will pay approx. $800 mln for SRA in a stock deal to be announced next week. Based on that price, SRA shareholders would receive approx. $28.50 worth of ASND stock.
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