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

To: Tech97 who wrote (26770)	12/6/1997 11:30:00 PM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 61433

In summary, LU can still exchange stock but will not get pooling-of-interests accounting treatment because it was not considered a separate legal entity until October 96 (date of spinoff from AT&T) Tech, You have this correct. I did not look at your profile. Maybe you are an accountant. In anycase, you explained the situation well. I feel quite strongly that LU will acquire ASND. I have lots of reasons. I also believe the price per share (not necessarily cash), will be close to $45 not $35. Glenn