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Technology Stocks : Ascend Communications (ASND)

ASND 206.52

-1.2%

Nov 25 3:59 PM EST

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To: djane who wrote (51853)	8/10/1998 1:52:00 AM
From: djane	Read Replies (5) of 61433

Boston Globe. Stratus grounded. boston.com Stratus Computer makes expensive computers that are designed to keep running, no matter what happens. The company itself, however, has no such fail-safe mechanism. Founded 17 years ago, Stratus will be dismantled after its $843 million acquisition by Ascend Communications Inc. of California. Ascend, a maker of data networking switches, is buying Stratus of Marlborough primarily for one of its four divisions - its technology and products sold to telephone carriers to manage networks and blend voice and data traffic. After the deal is completed in the late fall, Ascend will sell Stratus's three remaining business units, along with its corporate name. About 500 jobs will be terminated at Stratus; conversely, additional hiring by Ascend in Massachusetts will boost its work force here beyond the number of workers it has in California.

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