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

To: Ashley Campbell who wrote (46830)5/13/1998 2:16:00 PM
From: gbh  Read Replies (2) | Respond to of 61433
 
Ashley, actually they aren't prohibited from making an acquisition by any laws or anything. They are just unable to use the more favorable "pooling of interests" method until Oct., 2 years after their ATT split.

Why they had to wait 2 years, I'm not sure. This may be law, or just something they agreed to with ATT, or SEC.

Gary



To: Ashley Campbell who wrote (46830)5/13/1998 2:16:00 PM
From: jas cooper  Read Replies (1) | Respond to of 61433
 
Second anniversary of its spin-off from AT&T Corp (T - news), this fall, to take advantage of a tax-favored pooling-of-interests transaction.



To: Ashley Campbell who wrote (46830)5/13/1998 3:37:00 PM
From: ricky  Respond to of 61433
 
AC,

LU should evaluate the possibility of Ascend's stock price
going higher in the next few months against any preferable
tax treatments gained by waiting until Oct to make an acquisition.

Ricky


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