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Technology Stocks : Ascend Communications (ASND) -- Ignore unavailable to you. Want to Upgrade?

To: Jeff Jordan who wrote (20303)	10/31/1997 8:33:00 PM
From: Gary Korn	Read Replies (1) \| Respond to of 61433

Jeff, I don't think the insider selling eliminates a merger. Nor the appointment of a new CFO. Others have posted items indicating that insider selling sometimes precedes a merger. As I said, I'm not a securities lawyer, and for sure I don't know the precise kind of deal that may be cooked up, so perhaps this timeframe is/was a last chance for insiders. Bottom line: I'm clueless! <VBG> If for no other reason than the competitive pressures growing in this industry, I still consider a combination of some sort to be more likely than not. Even if it does not happen -- though I think that it is likely -- there is good reason right now to believe that ASND earnings will be good this 4Q. So, I'm hanging in there. Look at the players now being accumulated: David Masunis, whose top experience is M&A. And now the new CFO, who himself has a lot of M&A experience (plus contacts with major communications companies, including GE). Maybe ASND wants to be the top dog in a merger. Any one have any thoughts on that? Regarding today's insider trade, I don't believe that Mr. Hendren left the company, but it is possible. I just haven't seen any news one way or the other. His position (as of last April) is set forth in the Proxy statement (I recall seeing his name): DIRECTORS AND EXECUTIVE OFFICERS Mory Ejabat....................................... 1,320,622(2) 1.08% Roger L. Evans ................................... 1,050,279(3) * c/o Greylock Capital Limited Partnership One Federal Street Boston, MA 02110 Robert K. Dahl.................................... 805,599(4) * C. Richard Kramlich............................... 238,618(5) * c/o New Enterprise Associates 235 Montgomery Street, Suite 1025 San Francisco, CA 94104 Betsy S. Atkins................................... 167,515(6) * James P. Lally.................................... 213,808(7) * c/o Kleiner Perkins Caufield & Buyers 2750 Sand Hill Road Menlo Park, CA 94025 Curtis N. Sanford................................. 616,502(8) * Jeanette Symons................................... 1,073,765(9) * Michael Hendren................................... 458,132(10) *. Best to all, Gary Korn