Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 209.40

-1.5%

3:04 PM EST

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To: Tim Luke who wrote (52772)	8/25/1998 11:17:00 PM
From: Jim Ray	Read Replies (1) of 61433

Tim, I am confused. Why would ASND sell to LU for $50? They had the stock over that price in the recent past, and have a good chance to reach this level again, on their own. Mory and crew are sitting on a ton of stock, why would they give it away at .6 of LU. You say an agreement was reached along time ago between the two. Isn't that illegal under the pooling method? LU is prohibited from talking to anyone before Oct.1 about a stock swap. Why take .6 a share, when you could get .7 or .8? Are shareholders going to vote to accept this giveaway, because Asnd made a secret illegal agreement when the stock was in the 30's? I agree that Lu stock should skyrocket, after a merger. But, I would rather have .8 share going up, than a.6 share. Jim P.S. I am not being facetious, I am sure I am missing something in this equation.

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