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

To: Jan Crawley who wrote (35252)	2/18/1998 10:56:00 AM
From: Greg h2o	Read Replies (1) \| Respond to of 61433

RE:<<Not really. I think he means that we will receive TWO LU shares for every ONE Asnd share.>> The way I think he meant it (by reading his follow-up posts) was that it would increase the number of shares available to purchase ASND shares.... That's not the way it works. Look, if you split a stock 2 for 1, all you get is twice as many shares at half the price. Sure, they'll get twice as many shares in a buy-out. Big deal. They will be at half the price. There is no way they are doing this for the express purpose of making shares available for an acquisition. If they were doing a secondary, that's a different story. regards, greg

To: Jan Crawley who wrote (35252)	2/18/1998 11:54:00 AM
From: Dennis R. Duke	Read Replies (1) \| Respond to of 61433

Whatever LU split does its causing their currency to rise. Up over $2 right now. So if anything it gets them more capital per share if the street values a split higher, which the street does historically. LU probably thought at $95 per share, let's cut the price per share down so the little people can buy them. Get more of those little people on board and the price raises. It raises back to $95 by the fall and a deal with ASND can be done with overpriced stock. If, IF, LU were to make a deal next fall, then we get overvalued LU shares for our ASND shares. Which frankly, I'd rather we go it alone and get our own overpriced value on ASND. Dennis