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


To: gbh who wrote (41046)3/25/1998 4:41:00 PM
From: Narotham Reddy  Read Replies (3) | Respond to of 61433
 
From YHOO Msg board

"Hi guys, check out CSCO announcement on 3/24. The CEO said CSCO intended to grow in the networking market by acquisition. And heard from the street is, they are targeting ASND before the October time frame in which LU can actually made its move.

Both CSCO and LU want ASND's technology in ATM. But I think, ASND fit better into CSCO product portfolio. People said the fair price for ASND would be in the range of 60 to 65. That means CSCO may make a stock swap for ASND on a share per share basis."