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

To: Mike McCauley who wrote (48801)	6/16/1998 7:57:00 PM
From: Robohogs	Respond to of 61433

It's not analagous at all - the issue is one of accounting presentation and the rules say that a contemplated sale gets dated from the date of contemplation - similar to timing on new government bills.

To: Mike McCauley who wrote (48801)	6/16/1998 8:07:00 PM
From: Jan Crawley	Read Replies (3) \| Respond to of 61433

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? Mike, I have limit knowledge in this area. However, my understanding is that "Pooling of interest" applies to merger via stock purchase only. LU can purchase Asnd via cash purchase anytime. LU must wait 2 years before pooling of interest method of purchasing can be used. Due to the SEC rules cover At&T/LU separation.