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

To: Maverick who wrote (23250)	11/13/1997 2:29:00 PM
From: mark alan rosenberg	Read Replies (1) \| Respond to of 61433

Mav: What we need to do is exceed $25 /share.

To: Maverick who wrote (23250)	11/13/1997 7:28:00 PM
From: Glenn D. Rudolph	Respond to of 61433

Those 3 firms are in fact upbeat on ASND for the 9704 qtr and think that ASND will exceed the consensus estimate of 0.23. Maverick, You have a point. However, the product transition during the summer and Europe on vacation appears not to be a one quarter problem. Any thoughts on why? Glenn

To: Maverick who wrote (23250)	11/14/1997 2:24:00 PM
From: Gary Korn	Read Replies (2) \| Respond to of 61433

Although Cowen has been a bearish contrarian on ASND, it still expects a $0.24 EPS for 9704 instead of $0.23 as ASND has communicated. Very interesting ! Maverick, Likewise, Cowen generally has set one of the highest ASK prices for ASND of late...They are not dying to unload the stock. Rather, they may be accumulating for their clients: ASND 24:E 24.6 31x15 3x2 24.6 +.3 2,889,900 25 23.6 ==== 24.5 24:T 27x15 3x2 2:20 100 . 24:9 24.7 1x68 1x10 Dynamic MM Bid Ask Size Time MM Bid Ask Size Time SELZ 24.4 25.1 2x10 1:50:53 PERT 24.1 24:F 10x2 1:26:41 HRCO 24.4 25.1 1x1 2:19:15 ISLD 24.5 25 7x30 2:18:15 CANT 24.4 25.2 1x1 2:19:48 DEAN 24.2 25 11x21 2:01:44 WSLS 24:7 25:5 10x10 1:08:26 MADF 24.3 25 5x17 2:18:22 FBCO 24.3 25.3 10x10 11:58:34 LEHM 24 25 1x10 11:38:18 JPMS 24.3 25.3 10x10 12:13:21 SBCW 24.2 25 10x10 1:59:26 TSCO 24.3 25.1 10x10 1:06:13 BTAB 24.2 25 10x10 1:59:47 CHGO 24.3 24.7 10x10 1:19:18 JBOC 24 25 2x10 2:16:38 MONT 24.3 25.1 10x10 1:59:30 NAWE 24.1 25 10x10 2:19:44 HMQT 24.3 25.1 10x10 2:00:09 GKMC 24.2 25 10x9 12:12:17 SHWD 24.3 24.7 10x5 2:12:28 COWN 24.2 25 10x6 12:02:33 MADF 24.3 25 5x17 2:18:22 PUNK 24.2 25 1x5 2:11:51 NITE 24.3 24:T 1x5 2:16:25 SALB 23.7 25.1 10x10 12:10:23 DEAN 24.2 25 11x21 2:01:44 TSCO 24.3 25.1 10x10 1:06:13 COWN 24.2 25 10x6 12:02:33 UBSS 24.1 25.1 1x10 1:19:33

To: Maverick who wrote (23250)	11/14/1997 8:28:00 PM
From: w2j2	Read Replies (1) \| Respond to of 61433

Maverick, very bullish post on news-only thread. Where did you get this info.? Perhaps I should not ask!wj

To: Maverick who wrote (23250)	11/14/1997 11:47:00 PM
From: Gary Korn	Read Replies (2) \| Respond to of 61433

Maverick, You posted the following on the news thread: Mory mentioned he exercised options recently to thwart some possible hostile takeover (According to SEC rule, there is a black-out period between exec. option exercising and when the M&A takes place). He half-jokingly, half-frankly told he might consider an offer for $100/shr. I've another CPQ acquisition theory: ASND was in relatively leisurely acquisition talks in September, October. As it neared a deal with CPQ, the possibility of a hostile offer surfaced. Mory took the evasive action you mentioned. (I suspect Ejabat is looking for a takeover that will allow him to continue to run his baby in some way, shape or form...in contrast, he would be horrified at a hostile tender offer that would cause him to be unceremoniously booted from ASND, the very company he nurtured from nothing to $1B in sales.) To accomplish a deal ASAP after the possibility of a hostile tender offer surfaced -- even though it was delayed by the evasive action taken by Mory -- CPQ quickly dashed off its preliminary 14-C to the SEC on October 24. This allowed CPQ to have an extra 2B shares by 12/11. Weeks later, CPQ submitted a finalized 14-C to the SEC, but it was the earlier filing that got the clock ticking on the approval of the 2B extra shares. In the meantime, CPQ is accumulating ASND shares in 20K or greater blocks, probably through several MMs. CPQ's "op team" at ASND is led by a trusted individual, one who is an outsider to both ASND and CPQ: Michael Ashby. On December 11 or 12 (a Friday), a "done deal" will be announced in some form that can preclude or minimize a hostile bid. This is just a theory. No doubt, December 11 or 12 will pass quite uneventfully. But one never knows. Gary Korn