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

To: Lockhart who wrote (48842)	6/17/1998 7:53:00 AM
From: gbh	Read Replies (1) \| Respond to of 61433

For instance the ASND purchase of CSCC. This was a "pooling of interests" merger, the type of which LU is prohibited until 10/1.

To: Lockhart who wrote (48842)	6/17/1998 8:42:00 AM
From: Roger	Respond to of 61433

Other players like ERICY, IBM or NOKA will make a bid for ASND before OCt to prevent LU from getting it. That is preceisely the reason why NT made a run for BAY. Also, if LU really wants ASND, they might decide to forego the pooling of interests and make a bid now at a premium above current prices (49 and change). If they wait till Oct and ASND is then trading at say 65, whatever tax benefit they could have derived will be washed away by the higher price. Believe me, this is going to happen sooner that you think. CEOs of these major companies are under intense pressure from their major shareholders and BODs to act - NOW.