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

To: djane who wrote (1262)	3/5/1998 11:28:00 PM
From: FUZFO	Read Replies (1) \| Respond to of 1629

News on ASND Class Action Lawsuit Thursday March 5, 9:04 pm Eastern Time Company Press Release Update On Class Action Against Ascend Communications, Inc. LOS ANGELES--(BUSINESS WIRE)--March 5, 1998--This update is to notify the Ascend Communications, Inc. (NASDAQ: ASND - news) securities litigation class members of the occurrence of significant events that transpired on March 2, 1998 which directly impact the status of the class action lawsuits that were filed with the United States District Court, Central District of California (''the Central District Actions'') on behalf of stockholders who purchased Ascend securities between November 5, 1996 and September 30, 1997 (the ''Class Period''). On Monday, March 2, 1998, the Honorable Mariana R. Pfaelzer, United States District Court Judge for the Central District of California, issued the following rulings pertaining to the Central District Actions: 1) the seven Central District Actions were consolidated for all purposes; 2) Plaintiffs' motion to have the Jakubowitz Plaintiffs appointed as lead plaintiffs in all the Ascend Communications, Inc. consolidated actions was granted; 3) the law firms of Weiss & Yourman and Stull, Stull & Brody were appointed as Co-Lead Counsel to the plaintiff Class in all the Ascend Communications consolidated actions; and, 4) Defendants' motion to transfer the Central District Actions to the United States District Court for the Northern District of California was denied. Periodic updates concerning the status of the Ascend securities litigation will be posted on the Weiss & Yourman website at www.wyca.com. If you have any information about the allegations that Ascend and the Company's officers and directors disseminated false and misleading statements about the Company's business, earnings and growth prospects to inflate Ascend's stock price in violation of federal and state securities laws, including Section 10(b) of the Securities Exchange Act of 1934 and Section 11 of the Securities Act of 1933, or that the defendants knew, or recklessly disregarded, but failed to disclose to investors that sales of Ascend's advanced modem products would all but cease because of, among other things, serious software and firmware problems, please contact either Donald Urrabazo by calling toll-free (800) 437-7918, or via Internet electronic mail at wyca@aol.com or by writing Weiss & Yourman, 10940 Wilshire Blvd., 24th Floor, Los Angeles, CA 90024, or Edward Dietrich calling toll-free (888) 388-4605, or by writing Stull, Stull & Brody, 10940 Wilshire Blvd., Suite 2300, Los Angeles, CA 90024. Contact: Weiss & Yourman Donald Urrabazo, 800/437-7918 wyca@aol.com or Stull, Stull & Brody Edward Dietrich, 888/388-4605

To: djane who wrote (1262)	3/10/1998 8:27:00 PM
From: djane	Read Replies (2) \| Respond to of 1629

[3/10/98 Bloomberg article "Phone Equipment Makers, Networking Companies Seek Acquisitions." Discussion of LU/NT acquisitions plans] (from Moonray on the COMS Thread) exchange2000.com Phone Equipment Makers, Networking Companies Seek Acquisitions San Francisco, California, March 10 (Bloomberg) -- Lucent Technologies Inc., Northern Telecom Ltd. and other makers of telephone equipment are likely to buy a number of privately-held companies this year to gain access to the same markets targeted by Cisco Systems Inc. and other computer networking companies. Leaders in both industries are looking to expand the product lines they sell to phone companies and Internet service providers, said financial analysts at a networking industry gathering in San Francisco. Today, for example, Cisco said it will buy closely held NetSpeed Inc. for about $236 million in stock. Austin, Texas-based Netspeed makes so-called digital subscriber line products that speed up the transmission of information over regular copper phone lines. The battle for the so-called carrier market is expected to develop as phone companies spend more on equipment that lets them increase their Internet-related services. Annual spending on such equipment, some of which is still being developed, could reach $40 billion a year by 2000 as telecommunication carriers expand their networks to handle burgeoning Internet traffic. ''Telecom equipment makers have to compete in this part of the network,'' where voice and data communications come together, said Paul Johnson, an analyst with BancAmerica Robertson Stephens. Rather than spend large amounts of time and money to develop their own technology, Lucent, Nortel and others will purchase smaller companies who are already working on it, Johnson and other analysts said. Lucent has already bought two networking companies within the past six months. Last week, Northern Telecom said it would buy at least one within the next six months. The acquired companies almost certainly will include several of those making their pitch to venture capitalists and investment bankers at the Network Outlook conference this week in San Francisco. Among the startups mentioned most often by analysts as takeover targets were Juniper Networks Inc. of Mountain View, California; Avici Systems Inc. of Chelmsford, Massachusetts; and Torrent Networking Technologies Inc. of Silver Spring, Maryland. While the growth of voice traffic carried over the public phone network is relatively flat, data traffic has exploded. As a result, sales of data networking equipment have grown three times as fast as phone equipment sales. ''We see the biggest opportunity in data, not voice,'' Lewis Wilks, president of business markets for Qwest Communications International Inc., told the conference. Qwest, which provides communications services to businesses, consumers and other telecom carriers, is constructing a nationwide fiber-optic network which it expects will be carrying mostly data traffic, Wilks said. Investments in new technologies and products by the telecom companies will result in faster, cheaper communication services for businesses and consumers, said Scott Heritage, an analyst with UBS Securities. Better management services for computer network managers and free phone calls over the Internet are just two of the likely improvements. ''The demand is not quite there yet, but within a few years you'll be able to make phone calls over (Internet) networks,'' Heritage said. o~~~ O \|