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

To: djane who wrote (49829)	7/14/1998 2:37:00 PM
From: stock_bull69	Read Replies (2) \| Respond to of 61433

Just heard that ASND is purchasing Praxon some sort of private internet company! Does anyone know any details about this acquisition? Steve

To: djane who wrote (49829)	7/14/1998 3:12:00 PM
From: Moonray	Respond to of 61433

Ascend Shares Fall Amid Speculation It's Not a Takeover Target Alameda, California, July 14 (Bloomberg) -- Ascend Communications Inc. fell as much 5.7 percent amid speculation the No. 5 computer-networking company won't be bought by a larger company and may instead be on the hunt for its own acquisitions. Ascend, which will report second-quarter results after the close of U.S. markets, fell 2 11/16 to 50 3/4 in midafternoon trading of 6.04 million. Earlier, the shares touched 50 3/8. Analysts said the company may be looking to expand the line of products it sells to phone companies and Internet providers by buying a small phone-equipment maker such as Advanced Fibre Communications Inc., whose shares have soared in recent weeks on takeover speculation. Such a purchase would make Ascend less attractive to telecommunications giants like Lucent Technologies Inc. or Ericsson AB, which are entering the data-networking market by buying smaller companies. ''If Ascend is serious about buying someone else, it's unlikely they're for sale,'' said James Wade, an analyst with BT Alex Brown who rates Ascend ''market perform.'' Ericsson last month said it was in takeover talks with a number of networking companies, including Ascend. Lucent has spent more than $2 billion in the past year to acquire data- networking companies. An spokeswoman for Alameda, California-based Ascend declined to comment on any acquisition speculation, citing company policy. Advanced Fibre rose 7/8 to 25. The shares have risen more than 35 percent since July 6. o~~~ O