Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 201.40

+2.3%

Dec 10 3:59 PM EST

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To: Tim Luke who wrote (51193)	8/2/1998 12:51:00 PM
From: The Phoenix	Read Replies (2) of 61433

My question is: Why is asnd spending money for this company "IF" LU is suppose to be buying them? Maybe the LU rumor will just end up a rumor. Hey Tim, ya know as often as we're on this thread it's amazing we've never chatted before. Glad to see you'r back... and Bucky89 too! As for your question I don't think it would be in ASND or ASND's investors best interest simply to sit back and wait for an expected move by LU. Rather ASND must operate as a going concern. If not, and if LU doesn't come knock'n then ASND inaction could put them behind the data/voice convergence space. As you and I both know every month counts in this industry. Also, everyone (I mean the anal-ysts) seem to view this as a major deal! It's not. It's simply an insurance move. With $300M in cash the SRA takeover is a $500M - likely to be accretive - purchase by ASND. The sell-off was waaaaaaaaaaaaaaaaaaay waaaaaaay over done. I'm looking forward to Monday. OG

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