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

To: sepku who wrote (20538)	11/2/1997 7:52:00 PM
From: Chuzzlewit	Read Replies (1) \| Respond to of 61433

Style Pts. <<The combined eps of a hypothetical ASND/COMS would average out to about 1.84, which is 90% of CSCO's eps>> This number ($1.84) is incorrect because you are ignoring the number of shares o/s. If ASND were converted into COMS at a 1:1 ratio the proforma eps of the merged company would be $1.99 based on a total of 534.8MM shares o/s (188.9MM ASND + 345.9 MM COMS). To get down to your $1.84 would require a conversion of 1.83 shares of COMS for each share of ASND (I should be so lucky!). Regards, Paul