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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: thebeach who wrote (55395)10/7/1998 2:13:00 AM
From: Clare  Read Replies (2) of 61433
 
I still believe LU wants Ascend. They are just waiting for the market volatility to settle down. Nobody can make a stock pooling deal when prices are so unstable. Notice Lucent purchased a startup with CASH. Until earnings are out, the SRA deal is finalized, and LU reports earnings, no one can pin a fair price. One thing to keep in mind is that service provider incumbency is a big deal here. And as they say in real estate, it's "location, location, location." This makes Ascend prime property in carrier land. And Lucent is well aware of that.
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