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Technology Stocks : Ascend Communications (ASND)
ASND 216.57+5.9%Nov 17 3:59 PM EST

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To: Tim Luke who wrote (58706)1/11/1999 4:42:00 PM
From: Greg Boris  Read Replies (1) of 61433
 
Unless I'm totally out to lunch even if LU acquired asnd at $100 a share ~$20.8 billion in stock it would not dilute earnings per share to lu. If, I am right on this asnd will earn ~250 million on 208 million shares ~$1.20 per share. If lu acquires them for 208 million shares they will get the $250 million net (additive-this year). Lu earned $582 million on 1.3 billion thru 9/98=~.44 per share. Add 250+582=832/1.5=.55 accretive!!!Lu could pay up to 25 billion (in stock) and this would be =no effect.

Did I miss something???????
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