Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 218.90

+7.1%

2:31 PM EST

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To: Tim Luke who wrote (54178)	9/15/1998 11:26:00 AM
From: Kent Rattey	Read Replies (1) of 61433

<i agree with you and that statement but what i don't get is where everyone is coming up with this $70 price.......lets be real here> Rick Malone, principal in Vertical Systems, a company that advises investment bankers on mergers and acquisitions in this market, said Ascend has won a number of major deals with its Cascade GX550 switch and has more in the pipeline. Ascend could cost as much as $14 billion, according to Malone. With the financial wherewithal to buy Ascend at that price, Lucent could write off the investment in Livingston without batting an eye, he said. Kent

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