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

To: BBoron who wrote (25719)12/4/1997 5:48:00 PM
From: ilan saadia  Read Replies (1) | Respond to of 61433
 
On CNBC: Lu made bid for ASND $35. Ascend wants 40



To: BBoron who wrote (25719)12/4/1997 5:51:00 PM
From: Jerry J. Kaczur  Read Replies (1) | Respond to of 61433
 
CNBC - Maria announced from her sources that ASND was offered a $35 buyout, but ASND rejected it, expecting to get a $40 per share offer. She'll have more to say on Market Edge at 7pm tonight. She also said that the price rise was not due to the conference disclosure that they were comfortable with the earning projections, but because of the LU rumor.

JJK



To: BBoron who wrote (25719)12/4/1997 5:57:00 PM
From: Howard Feinstein  Read Replies (2) | Respond to of 61433
 
To Brian and All,

Marie Bartoromo just on CNBC at 5:50 and said ASND had turned down an earlier $35 takeover bid but now is in talks with Lucent on a $40 bid. Details on CNBC at 7PM. IT'S ABOUT TIME!!!!!!

Howie


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