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

To: Robert Scott who wrote (24988)	11/30/1997 10:30:00 AM
From: Gary Korn	Read Replies (1) \| Respond to of 61433

"On December 11, it will have about 1.6 billion shares with which to work. (On a 100% diluted basis (i.e., assuming that an acquired entity is worth $0), these shares would be worth about $15/each, for a total of $24 billion). " You lost me on this one - please explain. Robert, I lost you because I did the analysis in a screwy way. Sorry! I did it another way last nite. Here goes: CPQ has about 750MM shares now at 60/share. It will split, so it will have 1.5B at 30/share. The remaining 1.5B shares (of the 3B authorized shares after 12/11), if used for a purchase that is totally non-dilutive, would be worth 1.5B x 30/share = $45Billion. (ASND at 8 x sales would cost under $10B). Gary Korn