Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.55

+1.2%

12:59 PM EST

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To: gbh who wrote (52332)	8/19/1998 11:31:00 AM
From: djane	Read Replies (3) of 61433

Yahoo thread post on LU/ASND Message 20374 of 20374 Reply Mory's price ely34 Aug 19 1998 11:05AM EDT Reply to len's message #20338. Mory doesn't want to sell to LU. I think there will be a bidding war for ASND btwn $65-70 per share, but LU is the only player who has the cash beyond $70. And, I don't think that LU can afford/risk losing market share to ASND or losing ASND to anyone else. I think Mory (reluctantly and under pressure) will accept $72-75. Then he and other upper levels will have to take their millions and find something else to do. :-) I know some ASND engineers who are not looking forward to the prospect of becoming LU employees by the end of the year. ASND is a young west coast company with a philosophy that nurtures creativity and forward thinking -- it's people are motivated. LU is a more uptight, east coast company. I don't think the geeks are going to adjust well -- hostile take over (which I seriously doubt) or not. IMHO, ely

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