Ascend Communications (ASND) Message Board

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Technology Stocks : Ascend Communications (ASND)

ASND 196.81

-4.9%

3:59 PM EST

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To: Mark Duper who wrote (58429)	1/5/1999 10:49:00 AM
From: Bill	Read Replies (1) of 61433

You might be right. Take a look at this advisory this morning. Jan 5, 1998: WARBURG DILLON READ Our research suggests that the relationship between Lucent (LU-Buy-114) and Ascend has improved over the past two months. As mentioned in past notes, Lucent began a new agreement with Ascend a few months ago and is marketing Ascend ATM switches. In addition, we believe that Lucent's internal developments for ATM switching equipment continue to face delays, which make product overlap issues less meaningful in the near to intermediate term. Finally, we estimate Lucent's stock appreciation now makes a combination with Ascend neutral to earnings even with a 25%+ premium to Ascend's stock at yesterday's prices. Thus, we are increasing our probability of such a combination to over 50% from under 50%. We emphasize, however, that we are not aware of any imminent deal and that anything could happen here.

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