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Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?

To: KHS who wrote (8333)	6/26/1999 3:43:00 PM
From: JGoren	Respond to of 21876

Is there a way to pay your broker cash for the extra necessary to obtain the rest of the fractional share in the Ascend-Lu conversion, so you even up the number of shares? Theoretically, the broker gets plenty of shares for those held in street name and it should be possible for those who don't want to get cash for the fraction they have in an account, to cash up.

To: KHS who wrote (8333)	6/26/1999 6:50:00 PM
From: Gerald Walls	Respond to of 21876

ASND shareholders had plenty of time to sell out if they did not like the merger. LU stock trading at all time highs made it easy for them to jump if they wanted. I bought ASND because of the merger, as an arbitrage play. I'd bought LU not that long before the announcement for a long term position (to go along with my CSCO), so I sold my LU and bought enough ASND that I would end up with the same amount of LU in the end. I was able to pull four or five dollars per share out in the process, if I remember correctly.