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Technology Stocks : Ascend Communications (ASND)
ASND 199.63-1.4%3:59 PM EST
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To: DHB who wrote (54269)9/17/1998 9:03:00 AM
From: pae  Read Replies (1) of 61433
 
To thread: excerpt from thursdays Barrons online weekday trader (repeat of the LU rumor/expectation):

...
Steve Levy, telecom analyst at Lehman Brothers, adds that we'll see lots of merger and acquisition activity over the next couple of years, as market leaders scramble to meet all their customers' needs -- even if it means buying someone else to help them do it. That's why telecom equipment supplier Northern Telecom bought networking company Bay Networks. As of October 1, Lucent will be free to pay for big acquisitions with stock, and Levy and others expect it, too, to buy a big networker like Ascend Communications.
...
Copyright c 1998 Dow Jones & Company, Inc. All Rights Reserved.

Interesting that SmartMoney, another DowJones pub, reportedly says no LU-ASND buyout - according to an earlier report on the thread.
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