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Technology Stocks : Ascend Communications-News Only!!! (ASND)
ASND 208.35+3.6%Nov 4 3:59 PM EST
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To: Asymmetric who wrote (1553)9/17/1998 3:57:00 PM
From: w2j2  Read Replies (1) of 1629
 
NEW YORK -(Dow Jones)- Ascend Communications Inc., a leading maker of
networking gear, Thursday said it extended an existing agreement with
France's Alcatel SA to develop networking products and Internet-access
systems for providing high-speed data services.
Executives close to the companies told the New York Times that they
expect new products developed by the venture to produce up to $500
million in revenue over the next five years.
Ascend is a leader in the sizzling market for remote-access servers,
which allow users to dial into company networks and Internet services.
Ascend has recovered from last year's dumps, when software problems
caused product malfunctions and the merger with Cascade Communications
Corp. sapped management resources.
Rumors have resurfaced that Lucent Technologies Inc. is again
interested in acquiring Ascend, but another has started circulating that
Ascend's fierce rival Cisco Systems Inc. (CSCO) might throw its hat into
the ring.
Lucent's primary focus is on providing telecommunications equipment
to carrier customers like phone companies, but Lucent is expanding its
business to sell equipment that can also handle data traffic to these
same carrier customers. Many analysts have been expecting Lucent (LU),
the AT&T Corp. spinoff, to make a significant acquisition of a data
networking company once it is free of tax penalties it would incur for
such a purchase. Ascend has been the oft-mentioned target.
Alcatel (ALA) earlier this year acquired DSC Communications Corp., a
Texas-based phone equipment maker, in a $4.4 billion stock swap that
almost doubled Alcatel's presence in the U.S. telecommunications market.
The Ascend deal, experts say, gives Alcatel a path into the booming
market for Internet communications.
Copyright (c) 1998 Dow Jones & Company, Inc.
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