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: Pat Hughes who wrote (55754)	10/10/1998 4:02:00 PM
From: Gary Korn	Read Replies (3) of 61433

I think Ascend is LU's first choice. If they paid 20 billion for the company it wouldn't be too much $20B for ASND is equal to: o About 16x ASND sales, or $100/share. o About 25% of the market cap of LU itself. Purchasing ASND at $100 would cost LU about 317MM shares of LU, or 25% of the existing company. They would have to change the name to "Lucend" if not "Ascent" <Do I get credit for coining these terms even if I'm wrong?> Heck, LU's shareholders might well claim that McGinn indeed had a Lucend for paying so much. o About triple the probable acquisition cost of NN, a company with about the same sales as ASND, but with DWDM and LMDS technologies. I don't see it. I think LU likes ASND, but I also think that Mory wants a lot for the company, more than LU would pay. Gary Korn

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