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

To: Paul Shread who wrote (52508)	8/21/1998 2:41:00 PM
From: Tim Luke	Read Replies (3) \| Respond to of 61433

WHAT? if lu does or doesn't buy asnd this stock will not trade below 40.

To: Paul Shread who wrote (52508)	8/21/1998 3:03:00 PM
From: Sanzen	Read Replies (1) \| Respond to of 61433

CIEN is a preview of what will happen to ASND if no one buys it. There's a $10-$15 buyout premium built into this stock. At the current price of $45? I don't think so. If you subtract $10 to $15 off the current price, you are talking about a forward P/E of 20. That is pretty low. CIEN's trouble is different. They appears to lose to LUCENT in their business and TLAB may be rethinking the deal.

To: Paul Shread who wrote (52508)	8/21/1998 3:09:00 PM
From: Jan Crawley	Read Replies (1) \| Respond to of 61433

JMHO, $10 premium may have built into the price at $55! Asnd is faily valued at $45, based on it's own current P/E and projected growth. But, can you afford not to take the Lu/Asnd premium into considerations/calculations at any time?? The buyout price maybe a lot higher than $55.

To: Paul Shread who wrote (52508)	8/21/1998 4:41:00 PM
From: The Phoenix	Read Replies (1) \| Respond to of 61433

Preiumum was removed (and viewable) when ASND announced SRA. That took ASND down to 43 and change. The premium at this point is probably not much more than $5. OG