Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Gary Korn who wrote (26071)	12/5/1997 7:00:00 AM
From: JHC44	Read Replies (2) \| Respond to of 61433

600 posts in 24 hours; you might think something going on?! <GGGG> Must be an SI record. Like that rumor about COMPAQ; that's who I thought would be most interested in ASND.

To: Gary Korn who wrote (26071)	12/5/1997 9:02:00 AM
From: Sector Investor	Respond to of 61433

<<However, I do believe that ASND paid about 10 times CSCC sales per a prior analysis posted here some time back.>> Gary it was less than that, but I don't have numbers at hand. The original estimate was $3.7 Billion - but that was based on .7 ASND @$52 or $36 for CSCC, which is where ASND was on announcement day. However ASND dropped $12 on that day and on June 30, ASND was just under $40, so CSCC went for $27.875. All this from memory, so I could be off a little. The final deal was good for ASND, and bad for previous CSCC investors like me - until now.