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

To: Harold S. who wrote (24942)	11/29/1997 10:26:00 AM
From: Gary Korn	Read Replies (3) \| Respond to of 61433

why, if ASND and CPQ were actually in talks, would an insider with ASND so recently been allowed to sell some of his stock. (1) The perception by management might well be that material non-public information does not exist until a definitive deal is signed. That sale you saw by Hendren might have occurred before such time. My earlier guess that a "letter of intent" might have been enough to spark "material non-public information" might have been wrong, or perhaps no such letter of intent yet existed. (2) It is easier to justify a sale in the face of an impending takeover at a price $23 above the going price than it is a "buy." Unlikely the SEC would object to a sale of a few shares. (3) There may have been extenuating personal circumstances-- like an illness in his family -- that caused all concerned to allow Hendren's sale to happen. Gary Korn