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

To: bucky89 who wrote (48082)	6/5/1998 1:22:00 AM
From: Bindusagar Reddy	Respond to of 61433

Somebody today sold 3500 puts jan 2000 strike price of 50, received 11 points, may be JP Morgan P JAN00 50.0 11 1/4 10 5/8 3500 476 LZCMJ

To: bucky89 who wrote (48082)	6/5/1998 7:48:00 AM
From: gbh	Read Replies (1) \| Respond to of 61433

bucky89, thanks for the show update. Obviously, some very interesting tidbits in your post. But, IHMO LU's recent actions, speak louder than the words of analysts who would obviously have a major financial interest in such a deal. There just isn't any plausible explanation for why LU would spend $1.4B, and develop some products, which compete directly with a company that you supposedly covet. LU likely made their bid for ASND late last year (maybe $30-35 per share), were rebuffed, and then went on with life. Of course, hindsight is 20-20, but ASND should have taken that deal at any price. An LU/ASND team, having operated together for the past six months, would have been a true CSCO headache, and LU might even be higher than they are now. But now, that deal is too expensive. $10B-12B (or higher) to buy ASND in Oct., plus another couple billion to write off in-process R&D for all those overlapping efforts. Gary