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

To: Robohogs who wrote (48792)	6/16/1998 7:34:00 PM
From: Darren	Respond to of 61433

As an investment banker, I can categorically state that it is the date of contemplation matters for tax purposes. LU can't even consider a takeout of ASND before October 1, 1998 or else the pooling treatment will be blown. So any looks have to be not serious until that date. I agree wholeheartedly!

To: Robohogs who wrote (48792)	6/16/1998 7:45:00 PM
From: Mike McCauley	Read Replies (3) \| Respond to of 61433

>> As an investment banker, I can categorically state that it is the date of contemplation matters for tax purposes. LU can't even consider a takeout of ASND before October 1, 1998 or else thepooling treatment will be blown.<< Interesting. Do you know the reason for this? Wouldn't that's be like the IRS telling me I have to pay short term capital gains on a stock I sold after holding it for 18 months because I contemplated selling it at an earlier date?

To: Robohogs who wrote (48792)	6/16/1998 8:40:00 PM
From: Immi	Read Replies (1) \| Respond to of 61433

Jonathan, maybe you can use your skills as an investment banker, and come up with a price for asnd's likely takeover by LU?. Just a game you can play?. what sort of premium should we expect ?. Immi

To: Robohogs who wrote (48792)	6/16/1998 9:51:00 PM
From: Dee Jay	Read Replies (2) \| Respond to of 61433

perhaps you can provide the logic behind it? There could be a whole lot of conditions that wouldhave to be met by the closing dy or the deal gets renegotiated, etc. that would make contemplation no more serious than a close examination of one's navel, IMHO. I say that not to challenge you but it seems to have no logic behind it that I can discern. Dee Jay

To: Robohogs who wrote (48792)	6/17/1998 12:05:00 AM
From: Chuzzlewit	Read Replies (2) \| Respond to of 61433

Jonathan, perhaps you can explain your answer. It was my assumption that the only tax consequence would be to current holders of ASND who would be forced to treat a purchase by LU as a taxable event. Isn't it true that the only consequence to LU would be to amortize goodwill on their books for 30 years. Earnings would be impacted, but not cash flow. In other words, the impact on the business is illusory. The real impact will be on the stockholders of ASND. TTFN, CTC