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

To: Narotham Reddy who wrote (661)	12/5/1997 10:40:00 PM
From: Gary Korn	Read Replies (2) \| Respond to of 1629

The following is an interesting article: (COMTEX) Ascend stock soars on buy rumors Ascend stock soars on buy rumors Inter@ctive Week Online (December 5, 1997) - Shares of Ascend Communications Inc., a leading manufacturer of remote access equipment, have jumped close to eight points in the past two days of trading, fueling speculation that the leading provider of remote access equipment is the acquisition target of Lucent Technologies Inc. Ascend stock, which reached a low of slightly less than $23 on Thursday, was trading at close to $31 early this morning. Growing speculation that Lucent will acquire Ascend as part of the telecommunications giant's strategy to move into the data networking world has fueled the recent rise in Ascend's stock, according to analysts. Despite the fact that Lucent's recent buying binge includes the October proposal to purchase Livingston Enterprises Inc., which makes remote access equipment that competes with Ascend's popular Max TNT product family, analysts said the pairing of Ascend and Lucent still makes sense. "I think it would help to strengthen Lucent's position within the data market," said Beth Gage, an analyst with the TeleChoice Inc. market research firm. Gage added that Ascend's strong presence in the Internet service provider (ISP) space, both on the access side and in the Internet backbone, where Ascend offers high-speed switches that were acquired with the recent purchase of Cascade Communications Corp., would immediately upgrade Lucent's relationship with ISPs. Ironically, the spike in Ascend's stock comes on the heels of a class action suit filed Tuesday charging that the company artificially inflated stock prices. On Thursday, Ascend issued a statement saying that the charges were without merit and that the company would fight them vigorously. In addition to Ascend, network equipment makers Bay Networks Inc. and Fore Systems Inc. have also been linked to rumors regarding Lucent's push into the data communications market. Ascend can be reached at www.ascend.com Lucent can be reached at www.lucent.com -0- By Joe McGarvey Copyright (c) 1997 Ziff-Davis Publishing Company. All rights reserved. For additional Ziff-Davis online information, access Ziff-Davis on Compuserve (GO ZIFFNET) or ZD Net on the Internet (http://www.zdnet.com) * end of story *