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

To: Clare who wrote (25965)	12/4/1997 10:46:00 PM
From: Jeff Jordan	Read Replies (2) \| Respond to of 61433

Could it be because LU can't wait until it CAN do a pooling of interests. If Nortel is indeed interested in Ascend, then LU has to move now. Otherwise Ascend will be gone. The fact that they are holding out for a higher price suggests that LU isn't the only suitor! Maybe LU can only afford $35 (cash). But that's not to say someone else can't do a pooling of interests at a higher price. This is a good point, however, Gary's arguments concerning CPQ are quite valid and must be added to the mix concerning their recent comments. It is my opinion, it will be a tough battle of who wants the cherry the most. Cascade has definitly made it a valuable aquisition. My choice is still Lucent, however the rumored offer is a joke....thus Mory's comments about a buyout for $100 seem to be slapping them in the face of reality....Look what happened to BT in the MCI buyout ($28 to $51)....lessons should be learned. Ascend knows what is best for them...and I would think that would be Lucent. But they have to get real....maybe other serious/real offers will bring them around....Lets hope Mory turned them down cold! I wonder who was buying all those 25K blocks a few weeks ago? They obviously gave up and dumped....that is a curious chapter in Gary's book...I would like to know the answer to that! I would think holding 10% or better would make alot of levereage in any situation depending on who the holder was. If I was a suitor I would have grabed as many shares as I could given the recent buying opportunities! Win or lose you win in the end. BT made a fortune. Just my thoughts on events.... Jeff

To: Clare who wrote (25965)	12/5/1997 12:18:00 AM
From: sepku	Read Replies (3) \| Respond to of 61433

>>>Could it be because LU can't wait until it CAN do a pooling of interests. If Nortel is indeed interested in Ascend, then LU has to move now. Otherwise Ascend will be gone. The fact that they are holding out for a higher price suggests that LU isn't the only suitor! Maybe LU can only afford $35 (cash). But that's not to say someone else can't do a pooling of interests at a higher price.<<< Another possible scenario is that LU suspects NT will be making a move on ASND. Since LU cannot use a stock swap in an aquisition, they may sense they are at a severe disadvantage in any bidding war with their archnemesis, providing they hope to either own ASND in the future for their own strategic foray into the telco/ISP networking biz, or to simply deprive NT of such a prize...likely both. If they cannot have ASND, and cannot prevent NT from leap-frogging them in this arena, they may simply wish to drive up the bid and make NT pay dearly for the company. Pure speculation, of course. Style Pts.