Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 204.41

-0.9%

Nov 14 3:59 PM EST

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To: Robohogs who wrote (53808)	9/7/1998 4:47:00 AM
From: bucky89	Read Replies (1) of 61433

LU would not rally after ASND takeover announcement. It would behave just like ASND did after SRA. No way it moves up. Jonathan, What do you think is the basis of the runnup in LU price over the past nine months? Is it the expectation that they can compete with Cisco in the data market??? This is a very dubious expectation given the current state of LU data products, expertise, and market share. I believe a LU acquisition of ASND which is not overly dilutive will support LU stock price, not hurt it. I think the LU stock price is actually supported by the assumption that LU will buy some major data networking companies in the future. McGinn has made no secret of his intentions to acquire, and the shareholders are expecting it. ASND on the other hand, was supported when it was in the 50's by the perception that they would be the acquiree. Buying SRA hurt that perception, but in reality ASND is just as attractive as before SRA, if not more so. bucky89

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