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

To: Gary Korn who wrote (29279)	1/4/1998 10:29:00 AM
From: username	Respond to of 61433

this is spot on, Gary.

To: Gary Korn who wrote (29279)	1/4/1998 12:26:00 PM
From: Sector Investor	Read Replies (1) \| Respond to of 61433

<<but instead will cap sales at 280MM-300MM.>> Gary, I hope this was a typo. Anything less that the $290M they have already indicated comfort with, would be a disaster, IMO. I think they will come in around $295M-$300M and save the rest for 1998. I'm looking for $0.25-$0.27 this quarter, which would start a nice upward trend without compromising the future. You have to keep in mind that ASND WANTS their price higher now, not only for buyout price purposes, but so they can reward employees and use their stock to acquire other companies themselves. This dictates a bit extra on the top/bottom lines THIS quarter, IMO.

To: Gary Korn who wrote (29279)	1/4/1998 2:00:00 PM
From: Kansas George	Read Replies (2) \| Respond to of 61433

Gary, SI, and all, has anyone heard of Ascend floating a bond? I follow this thread everyday, haven't seen any mention of this. Checked the Yahoo ASND thread first time last night, and found this: messages.yahoo.com@m2.yahoo.com >>Subj: Len - Wouldn't float a bond if negotiating a buyout By: mcammarata Date: Jan 2 1998 7:45 P.M PST Reply To: Msg. 3804 by lcLen, That would be my view, if you really are trying to sell the company (I doubt it), then you wouldn't be preparing to float a bond to raise cash. What can one do with that cash, well it's needed to buy some smaller companies. However, ASND already has a good deal of cash. So maybe they will announce a stock buyback and the acquisition of some small companies. Something to this effect has recently happened at Amgen. They had plenty of money for R&D but the stock cratered so they announced a big stock buyback. Then they are floating a bond to pay for general corporate purposes (ie. R&D). So, in effect, what they really did was use their regular cash for the R&D as planned, but have floated a bond for the purpose of a stock buyback, without people thinking the bond is related to the buyback. Interest rates are very low right now, if you believe in your business and your company, acquire that which you need to acquire and use the rest to buy back stock thereby increasing EPS. Of course, last time they started to float a bond they yanked it last minute when they started talks with Lucent. The street picked up on this and bid up the price beyond where Lucent was willing to pay. So the Lucent talks are off and the bond issue is back on the front burner. If that issue gets suddenly cancelled again, it might mean something. However, I'm not expecting anything but a long slow strong recovery, don't build in takeover expectations, too risky a game to play despite PeterGreens puppeting of the Maria rumors. Later Mike Cammarata View Replies to this Message ASND Quote <<