For example, LU was $108 on July 19, and Asnd was $55.
Today LU is $87, Asnd 45, approximately 20% off for both stocks.
Therefore, if ".6" was an expectation/understanding of some sort, then the rumor has
some basis. JMHO
So did ASND get pulled up since January by LU, or vice-versa?
Did ASND acqusition of SRA which brought ASND down from 52 also bring down LU from 108?
I think we're getting cause and effect mixed up here. I don't buy this conspiracy theory. ASND price appreciation since Jan 98 is a result of improving ASND fundamentals. ASND went up on its own merits, not those of LU. In the same way, LU did not fall from $108 because ASND made an acquisition.
LU is a good voice switching company, but they got pulled down from 108 because of the strength of Cisco, which many are now seeing as their archrival in the near future. Rightfully so, because LU is still trying to figure out the data networking market. This has nothing to do with ASND, other than it will eventually drive them to buy ASND in order to address this weakness.
bucky89 |
