SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Lucent Technologies (LU) -- Ignore unavailable to you. Want to Upgrade?


To: BWAC who wrote (20837)9/17/2002 8:04:39 PM
From: matt gray  Read Replies (2) | Respond to of 21876
 
refresh my memory...ascend bought cascade and then lucent bought ascend?????



To: BWAC who wrote (20837)9/17/2002 9:26:44 PM
From: sylvester80  Read Replies (1) | Respond to of 21876
 
Exactly! So there isn't one. They are all in the same boat. So either every freaking management is incompetent (an unlikely story as it involves different BODs, countries and regulations), or the problem lies elsewhere.... like very fast deceleration of CARRIER SPENDING that IMO nobody predicted at such a pace and also is not sustainable. My guess is that this can not last for more than another 6 months without some major disruption in service.

JMHO.



To: BWAC who wrote (20837)9/18/2002 11:35:37 AM
From: David Hansen  Read Replies (2) | Respond to of 21876
 
That would be impossible as it was a stock deal. If memory serves... the deal was done on an adjusted stock basis of LU trading at the equivalent of $80/share... times 3 BB shares is a markt cap of 240BB.. The deal was for 25BB in stock so it was roughly 10% of LU's value. That compares with what today would be a $300MM deal for Ascend... Seeing that the Ascend product line accounts for over half of their wireline business, I'd say Ascend was a steal.