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

To: Spaw who wrote (48559)	6/11/1998 1:42:00 PM
From: bucky89	Respond to of 61433

In Monday's IBD there is a piece on Telco mergers. Lucent's data networking group president is quoted as saying "Ascend would be a very positive addition to our portfolio." LU is barred from using pooling of interest until after Sept. 30. That would delay a Lucent deal until October. This is in writing in Investor's Business Daily. I don't think it's an issue of price. Lucent has a $30B budget, and they need Ascend to maintain their position in the telecom market. Lucent will buy Ascend. Come October, they will make an offer Ascend cannot refuse. I think this Lucent executive made the statement to pre-empt any other offers for Ascend. bucky89