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

To: Daniel W. Koehler who wrote (30745)	1/16/1998 2:56:00 PM
From: pat mudge	Respond to of 61433

[off topic] Were you disappointed with the Amati/WSTL deal? I wasn't a bit disappointed the Westell merger fell out. Buy me a beer and I'll tell you why. As for the buyout by TI, in a perfect world I'd be disappointed. Amati's potential is huge, witnessed by TI's position. The problem is the market is slow to develop and being a small development company it needed enormous capital to maintain itself waiting for product to go out the door and hit the bottom line. To finance a company with those kinds of numbers virtually meant a buyout. I followed the story closely enough to have gained an education no amount of money or influence could have attained any other way. "Educating Patricia," indeed! There's a wonderful irony in the Amati-TI buyout that few recognize. For those who didn't tender by Dec. 23, their (our) closing was thrown into '98, not merely giving an extra year to pay taxes, but serendipitiously freezing the payout during the long tech decline beginning in October. Sort of like having your jaw wired to lose weight. Now that we're in the new year, I'm selling some on the open market to pick up TXN, ASND, CSCO, and a few others at prices far below what they were a couple months ago. Life's strange, isn't it. No act in and of itself is a defeat or victory. It's what happens next. . . and after that. . . and . . . Cheers! Pat