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

To: blankmind who wrote (31235)	1/20/1998 5:25:00 PM
From: uu	Respond to of 61433

from Gary's briefing: >Aggressive hiring in targeted areas. Expanding R&D efforts. Improve cust. service and product quality.< This is true, they are going after the top notch engineers at 3COM and Cisco. My cousin was just taken away by ASND (from 3COM) as a senior component engineer with almost 15% raise, a nice signon bonus, and the best part of all 10,000 stock options! This is highly unusual for a public company to offer that many options to newly hired engineers (eventhough this is Silicon Valley)! 3COM tried to make a counter offer but it never got close (they said they could not offer more than 5% raise, and only 1500 options)! And 3COM does really need him (he saved them close to $100 million in the past year by negotiating with MOT, and other chip makers). My cousine starts next Monday and he is upset now that by the time he joins the company (on the 26th) the stock maybe up to the $40 range and therefore that is what his base stock options price will be! But I tell him, heck when the stock can go to the $80's, it does not matter to buy it at $30 or $40!