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

To: Craig Rogers who wrote (26229)	12/5/1997 10:49:00 AM
From: Marcel	Read Replies (1) \| Respond to of 61433

Gary, How Lvl2 lookin'? tia

To: Craig Rogers who wrote (26229)	12/5/1997 10:50:00 AM
From: Gary Korn	Read Replies (1) \| Respond to of 61433

I have seen this many times before and it usually always goes up to the expected price. ANy thoughts? I would never expect the stock to go up the expected price. Even after a deal is announced. For example, it was recently announced that Sony would buy Telemundo at 44. The latter is still just trading at 41 and change. Uncertainty -- particularly with the rumor status of the ASND situation -- plainly calls for a discount. Gary Korn

To: Craig Rogers who wrote (26229)	12/5/1997 10:58:00 AM
From: Dakota Sullivan	Respond to of 61433

Craig: absolutely. Rumor appears to be coming from a single source and traders are wary. Spoke to a friend at CPQ this a.m. who said no way in hell. Another friend at LU said sometime back that they do want to be preemptive and not let CSCO or NT steal a march on the coming consolidation in networking. We'll see. When in doubt, do half. Go CYNI. Go CIEN.