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


To: Narotham Reddy who wrote (51303)8/3/1998 8:17:00 AM
From: sam  Respond to of 61433
 
Ascend Communications (ASND) 44 15/32: developer and marketer of network access products to acquire Stratus Computer (SRA 28 7/8) for $822 mln in stock, or roughly $33.35 a share; expects deal to be accretive to earnings in 1999 and expects acquisition to strengthen its relationships with NEC and Lucent Technologies

Per Briefing.com