Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 212.33

+1.1%

Nov 28 9:30 AM EST

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To: Jan Crawley who wrote (52788)	8/26/1998 1:10:00 AM
From: bucky89	Read Replies (2) of 61433

Therefore, if ".6" was an expectation/understanding of some sort, then the rumor has some basis. JMHO Okay, so let me get this straight. Tim's theory is that back in January when ASND stock was 25, Mory made a deal with McGinn to sell ASND for .6 of LU, right? Well back in Jan 98 LU was 40, and ASND was 25. So Mory rejected an offer from LU for 35 in cash, but wanted 25 in LU stock 10 months from then??? Doesn't make sense. Doesn't add up. Mory had to know that ASND was very undervalued at 25. Why would he agree to .6 of LU stock which was then valued at 40? ASND stock started moving upward before LU. Look closely at the year chart--if there's any correlation, then it's of LU following ASND up. And this doesn't lend any credence to the theory. IMO, this theory, while interesting, has no basis. It's merely a coincidence. bucky89

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