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

To: uu who wrote (21159)	11/4/1997 8:14:00 PM
From: Gary Korn	Read Replies (1) \| Respond to of 61433

I fail to see the connection here. Why would they need liquidity if they know after their announcement the stock will start to go up again, and they can sure get a better liquidity if they sell above $35/shr?!!! And I am most confident neither Ejabat nor any of his buddies needed the liquidity of around $1 million at the time to sell with such a rush! Addi, I'm guessing that ASND insiders have certain times of the year during which they can sell. November, perhaps, is not one of them. If an acquisition is effected, the insiders will be prohibited from selling for still longer (just like after the CSCC merger). Even if November is not a banned period (I've a call into investor relations to see if they will tell me), it is frowned upon and tacky -- tho perhaps not technically illegal, depending upon the circumstances -- for insiders to sell after an announcement is made but before a deal is approved. So, once again, the answer is liquidity. By the way, I'm finding Michael Ashby to be one heck of a CFO. If a merger never happened, I'm not sure I'd be upset. But one is going to happen (ASND as acquiree) in my opinion.

To: uu who wrote (21159)	11/4/1997 8:14:00 PM
From: gregory murphy	Read Replies (1) \| Respond to of 61433

Addi, We have a possible scenario not addressed yet, at least in my reading of the thread. What if the stock sold by Ejabat was indeed option related and he had to sell or lose them? Perhaps, he long in techs like a lot of us. Heaven forbid, he may have obligations we don't about. As for Ashby saying ASND would meet 4th QTR and 1998 estimates. It would be a mute point if ASND was bought/merged by/with another company. "No HARM NO FOUL" Conjecture? Of course, but no less valid than other specualtion on this thread imo. Please tell me, if you can, what role, if any, executive stock options may play in Ejabat selling. Take the advocacy side for Ejabat. Wear his shoes for a minute. Ejabat and cronies may be inept at managing and sustaining ASND, however, I doubt very much if Ejabat, with all his stock, without good reason would sell a measly 35K shares, unless it was for personal liquidity as has been suggested by others. Greed motivates men to clutch the falling knife, not to exercise legitimate privilges of ownership. Regards, Gregory Murphy

To: uu who wrote (21159)	11/4/1997 8:18:00 PM
From: Maverick	Read Replies (1) \| Respond to of 61433

Form 144 definition This form must be filed by "insiders" prior to their intended sale of restricted stock (issued stock currently unregistered with the SEC). Filing this form results in each seller receiving an automatic exemption from SEC registration requirements for this one transaction. A Form 144 is NOT an EDGAR electronic filing; each 144 is filed by the seller in paper during the day at the SEC. EDGAR Online cumulates and adds all of the current day's 144 paper filings to our electronic database at the END of each business day. The value of the EDGAR Online end-of-day listing of 144's is that the first notification of a 144 filing sometimes is the precursor of other 144 filings. 144 sales frequently come in clusters caused by events such as the end of a "lock-up" period or stock options being exercised and can be used to successfully project the onset of increased "sell side" activity in the stock of the target company. Other uses of 144's include targeting individuals who will be coming into money and may wish to deploy such funds. Thus this timely information is the source of myriad business intelligence uses.