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Technology Stocks : Ascend Communications-News Only!!! (ASND)
ASND 197.52-2.0%12:46 PM EST
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To: Tech Bull who wrote (1606)1/11/1999 4:40:00 PM
From: Sonki   of 1629
 
$80

Telecommunications equipment maker LUCENT TECHNOLOGIES INC
> (115-1/4, delayed open) is in talks to buy computer networking
> firm ASCEND COMMUNICATIONS INC (75, up 3-9/16 @ 9:32 a.m. ET), for
> more than $16 bln, industry sources said late Sunday, a deal that
> could challenge networking leader CISCO SYSTEMS (107-5/8, up
> 15/16). Both Lucent, the world's biggest maker of
> telecommunications equipment, and Ascend, the fourth-biggest maker
> of computer networking gear, declined to comment. The companies
> were expected to meet on Tuesday to discuss details of a deal and
> an announcement could be made as early as Wednesday, although the
> timing could change, industry sources and analysts said. One
> industry analyst said Lucent could pay more than $80 a share in
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