Nortel Networks (NT) Message Board

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Technology Stocks : Nortel Networks (NT)

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To: Vahe who wrote (1674)	1/13/1999 7:28:00 AM
From: Kenneth E. Phillipps	Read Replies (1) of 14638

Ascend shareholders will get 0.825 shares of Lucent for each share of Ascend. This is close to $90 per share. In my opinion, Lucent will be down dramatically today. The question in my mind is whether it will pull Nortel down with it. My guess is that Nortel will stay above $50. Ascend/Lucent was a case of one overvalued company buying another overvalued company. Ken

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