Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.33

+1.1%

Nov 28 9:30 AM EST

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To: gbh who wrote (51076)	7/31/1998 4:28:00 PM
From: bucky89	Read Replies (1) of 61433

Hi Gary, Nice lazy Friday afternoon, nothing much to do but watch some interesting action in ASND price movements...<sigh> Don't worry ASND longs. I think a LU takeover is closer to reality now. The drop in market cap (~$1.4B) is almost twice what ASND is reportedly offering to SRA. Additionally, take SRA's $300M in cash, and you can see that ASND is a much better deal now than it was yesterday, even if they buy SRA. And remember ERICY is also there in case LU tries to lowball, and they have reportedly already offered 55. If Mory thought he could deter a LU takeover by buying SRA, well he just shot himself (and all his stockholders) in the foot. IMO ASND will be 60 by October on the strength of LU takeover rumors, SRA or otherwise. I am betting on that. bucky89

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