Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 210.01

+1.7%

Nov 26 3:59 PM EST

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To: James A. Venooker who wrote (54637)	9/24/1998 7:26:00 AM
From: sunfish	Read Replies (3) of 61433

The price is .7 shares of LU .7 LU may have looked good when ASND was at $23 recently, but LU & ASND were prohibited from discussing merger by pooling of interest at that time as I understand it. My calculator gives your conversation rate (.7) a value of $54 per ASND share. Why would Mory accept that when ASND has traded above that as recently as July? I don't believe that the answer can be that LU & ASND previously negotiated the conversation rate for reason given above. On the heels of the CIEN-TLABS debacle, I hope that ASND negotiates a minimum dollar amount as well as a conversation rate to LU stock in the deal although my guess is that the street has already factored the ASND merger (possibility) into LU price to some extent. IMHO

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