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

To: kvogel who wrote (26649)	12/6/1997 2:17:00 PM
From: swrdfsh	Read Replies (1) \| Respond to of 61433

anything is possible. But she wouldn't have her job long if she wasn't sure of her sources. If someone is fooling her, they really hung her out to dry. The rumors were circulating on the floor too, so it seems unlikely. The stock rose on other news too. Doesn't make sense to me but I know what you mean swrdfsh

To: kvogel who wrote (26649)	12/6/1997 2:25:00 PM
From: sam	Respond to of 61433

Absolutely right. FWIW, there were some transactions of significant value (300,000 and, I believe, 200,000) at the end of Friday. Both, I believe were sells at 28 3/4 (I am not positive, though). My current feeling is that ASND underwent a technical bounce at 22 coupled with a relief rally (that ASND would make their numbers and business was starting to get back on track). Some heavy hitter(s) used this rally to plant rumors that ASND would soon be sold. Stock probably moved five points on the rumor alone (thanks, in unwitting part, to CNBC). They then sold into the rally and hid some large sells. Nice savings from what was probably going to be a larger loss. I'd be very surprised if the volitilty is all done, however. And, I won't venture a guess as to how it will all play out. Now, all this said, joke will be on these sellers if ASND really IS sold.

To: kvogel who wrote (26649)	12/6/1997 3:23:00 PM
From: Wheats	Read Replies (2) \| Respond to of 61433

Maria B. may have very well been tricked as you suggest, but she should have had enough sense not to portray the buy-out as a done deal. As I recall, she said an offer was expected from LU at $40 to occur on Friday -- I'm waiting. I believe that the way she handled this was very careless, and am surprised CNBC would allow this. You may have noticed that Bob Pisani reported several times the other side quoting an analyst who said the proposed acquisition did not make sense in his view -- with the stock dropping 1/2 point after each report only to recover again. If the rumor is false, the stock will probably not drop too much since the fundamentals appear to be firming, and I expect upgrades soon. IMO, the probability of the buy-out is 60%.