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


To: Tim Luke who wrote (20832)11/3/1997 8:29:00 PM
From: jeffjl  Read Replies (1) | Respond to of 61433
 
Just an item to add to takeover speculation:

This is from a report dated Oct. 20 on Apple Recon for Investors ( see the whole thing for yourself at: geocities.com

"...it looks as if someone probably is; or Ascend is in talks with a company regarding Ascend's acquisition or merger.

RFI has learned that Morgan Stanley was in the process of listing an Ascend issue on the American Stock Exchange when it was abruptly cancelled Wednesday night. There were no problems with the issue as the issue was priced, all of the buyers were lined up and ready to go, all that was needed was to go ahead with the listing. Which brings to mind why was the Ascend issue cancelled without cause?"

Again, remember that this was dated Oct. 20, but in any case, hmmmmmm....

good trading,
jeff



To: Tim Luke who wrote (20832)11/3/1997 8:58:00 PM
From: The BayWatcher  Read Replies (2) | Respond to of 61433
 
Tim, what makes you think ASND is about to be taken over? Is it pure speculation or something more? I remember BAY lived with these rumors for months all the while falling from 30 to 15 and then up to 40 with still no takeover. ASND looks like it's headed to low 20s-- today's decline in the midst of huge market gains seems to indicate there's more room downward especially on a bad market day.