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

To: sepku who wrote (24288)	11/21/1997 11:38:00 AM
From: Gary Korn	Read Replies (1) \| Respond to of 61433

I posted last night that a 13D must be filed when someone obtains 10% or more of the stock of a company. However, I've noticed that the first filing of a 13D often occurs well after that 10% stake is accomplished. For example, IBM filed a 13D on its acquisition of Unison. The first 13D was filed on 9/22/97. However, this filing showed a 31% stake in Unison. About 1/3 of the company's stock. I have a call in to the SEC on this. My point is that, by the time we first see the name of an acquirer, it may already own substantially more than 10% of ASND's stock. I will post when I get further information from the Mergers & Acquisitions section of the SEC. Gary Korn