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

To: Ashley Campbell who wrote (47371)	5/21/1998 5:47:00 PM
From: gbh	Respond to of 61433

--OT-- It may have been mentioned on CNBC yesterday, but the official press release (with the gory details) was today after market. Stock closed at $2 during market hours. Dropped to 5/8 as of the last trade at 4:49. I wonder who was buying? :) I think this was the true meaning of LAST TRADE. Gary

To: Ashley Campbell who wrote (47371)	5/21/1998 5:55:00 PM
From: stilts	Respond to of 61433

There are always some people who can't resist a junk sale. Perhaps some remaining shareholders are hoping the proposed plan doesn't get approved by a sufficient amount of debt holders or by the bankruptcy court (perhaps on the argument that LGE is unfairly taking advantage of its position as a majority shareholder as well as a debt holder who is getting all of Zenith for too little consideration). Perhaps other shareholders are in a "tarn stare" (which I believe is the expression describing the condition of a creature frozen by fear and shock, like a rabbit frozen in the headlights of an oncoming car). Perhaps other shareholders would just as soon try to take their tax loss next year. stilts