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

To: Wheats who wrote (26663)	12/6/1997 3:31:00 PM
From: Pullin-GS	Read Replies (2) \| Respond to of 61433

Maria (of CNBC) was way out of line IMO in her reporting of the rumor. Many could have interpreted her coverage as a done deal. On Friday morning, several daytrading groups had discussions that she had actually implied that $40 offer had be extended to ASND from LU. Maria may be a fading figure (*sigh) in the CNBC lineup if the LU+ASND acqisition never happens. My sources said when they inquired to LU about this rumor that they indeed had something to say as of early Friday (no longer was it no comment) to the effect "LU already is purchasing a networking company [why would we purchase another?]."* Best of luck.

To: Wheats who wrote (26663)	12/6/1997 3:33:00 PM
From: mark alan rosenberg	Respond to of 61433

My thinking is if the estimates for the 4th Q are on track, and if '98 is on track and real, an acquirer would want to act immediately to make an offer on ASND before the improving earnings come in, otherwise they will looking at a buy-out 35-40% more than they are paying now. If it is true that ASND is on-track to do the numbers, as quoted, for '98, the stock will go up on its own merits in the mid $40's, let alone- a buy-out. If I were in the driver's seat at ASND to make the right deal, I would be north of $45, maybe $48. Mark