Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Glenn D. Rudolph who wrote (27424)	12/10/1997 6:45:00 PM
From: emil	Read Replies (2) \| Respond to of 61433

Wonder what the LU/ASND theorists think about this: strengthen the possibility or does it seem less likely? LUCENT TECHNOLOGIES said it will acquire Prominet Corp, a privately-held start-up developer of local area network (LAN) switching equipment, for about $200 million in stock. Marlborough, Mass.-based Prominet develops switches that connect PCs, workstations and servers using Gigabit Ethernet and integrated routing, referred to as Layer2/Layer 3 capabilities in the data networking industry. The purchase is expected to result in a one-time, non-cash charge against earnings. Excluding the charge, the impact of the purchase to earnings in fiscal 1998 is expected to be immaterial, Lucent said. (Reuters 09:55 AM ET 12/10/97)