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

To: Jack Whitley who wrote (49030)	6/19/1998 5:24:00 AM
From: Narotham Reddy	Read Replies (1) \| Respond to of 61433

Ericsson in talks, target will be $61.. quote.bloomberg.com Other: CHICAGO, June 18 (Reuters) - Implied volatility in Internet company Lycos Inc. options expanded on Thursday after Walt Disney Co. agreed to buy a 43 percent stake in Web portal service group Infoseek Corp. . Volatility for July 61 options rose into the mid-80-percent area, from an average in the low 80s, traders said. "They're in the same business and the thinking is that someone might want a piece of Lycos, but that's pure speculation," said one trader. Lycos stock rose 2-1/8 to 61-5/8. Similarly, takeover talk in Ascend Communications Inc. was rekindled, driving implied volatility higher, in the wake of Canada's Northern Telecom Ltd.'s purchase of the Bay Networks Inc. , traders said. Volatility for July at-the-money options on Ascend swelled into the low 50 percent range, up from its average of around 40 percent. Ascend has been seen as a likely takeover candidate for months. The stock advanced 1 to 50-3/8.