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Technology Stocks : Ascend Communications (ASND)

ASND 201.40

+2.3%

Dec 10 3:59 PM EST

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To: James A. Venooker who wrote (57188)	11/14/1998 12:16:00 AM
From: H.A.M.	Read Replies (4) of 61433

CSCO and LU may start a "bidding war" over ASND, according to the WSJ Interactive Edition and the Dow Jones Newswies. <<Many analysts say Ascend is a attractive target for a big telecommunications-equipment company looking to expand beyond voice equipment into data gear. Analysts say a bidding war for Ascend isn't out of the question. Rumors have persisted that Lucent Technologies Inc. is interested in Ascend, but another has started circulating that Ascend's fierce rival Cisco Systems Inc. might throw its hat into the ring.>> Regards, Hisham _____________________________________ November 13, 1998 Tech Center Ascend Is Expected to Announce Investment in Networking Firm Dow Jones Newswires Networking-equipment maker Ascend Communications Inc. is expected to announce Monday that it is investing in tiny networking-products maker HydraWeb Technologies Inc. HydraWeb is a maker of networking "load-balancing" hardware that more efficiently routes computer traffic in banks of server computers. Such technology essentially ensures that various kinds of traffic can be rerouted if a particular system is overloaded with requests. Ascend, of Alameda, Calif., 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. Just about all of the major telecom companies -- ranging from the traditional leaders such as AT&T Corp. and the Baby Bells to emerging independent carriers -- are spending heavily to add bandwidth and upgrade their networks to handle data traffic and integrate voice and data. Many analysts say Ascend is a attractive target for a big telecommunications-equipment company looking to expand beyond voice equipment into data gear. Analysts say a bidding war for Ascend isn't out of the question. Rumors have persisted that Lucent Technologies Inc. is interested in Ascend, but another has started circulating that Ascend's fierce rival Cisco Systems Inc. might throw its hat into the ring.

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