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: username who wrote (30397)	1/14/1998 7:29:00 PM
From: Maverick	Respond to of 61433

After market close, CABLETRON SYSTEMS INC. said that it is buying privately held Yago Systems, a maker of gigabit ethernet computer networking equipment in exchange for stock. In a statement Cabletron said it will issue 6.1 million shares of its common stock to Yago shareholders in exchange for the 75 percent of Yago stock it doesn't already own. Based on Cabletron's current stock price of 14-11/16, the value of the issued stock is $89.59 million. Cabletron said it would issue an additional 5.5 million shares of its stock to Yago's former shareholders if its stock price does not reach $35 a share in the next 18 months. "Yago makes leading edge routers that Cabletron doesn't already make in-house," said William Rabin, analyst with J.P. Morgan. (Reuters 04:18 PM ET 01/14/98)