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Technology Stocks : Ascend Communications (ASND)
ASND 210.50+0.5%Nov 21 9:30 AM EST
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To: Alok Sinha who wrote (58925)1/13/1999 6:01:00 AM
From: Chuzzlewit  Read Replies (4) of 61433
 
Alok, based on my calculations, and using fully diluted shares and the conversion factor of .825, LU should fall to around $105.96, and ASND should rise to around $87.417 for equilibrium pricing. But there will be a spread established because there is some probability that the deal won't go through. My guess is that ASND will trade around $82 - $84, and the gap will narrow as the probability of the deal being consummated increases.

I've been invested in this company for almost two years (via CSCC), and been in LU since the IPO (as a happy benefit of owning T), and all I can say is I'm thrilled. It's been a bumpy ride to say the least. I bought into CSCC at around $28 which equated to a buy into ASND of $40. I thought I was catching a ride onto a meteor, only to see the price of the merged company plummet. Finally some relief when it began to rise to the mid 50's, only to drop again into the low 20's (punctuated by a visit from the Bald Man who always seems to show up on those occasions of my deepest despair). Well, it seems like a lifetime has been compressed into those couple of years, and I'm pleased at the outcome.

Congratulations to all of us who stayed the course.

TTFN,
CTC
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