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

To: Tim Luke who wrote (52589)8/22/1998 7:50:00 PM
From: Spaw  Read Replies (2) | Respond to of 61433
 
Mr. Luke,
Could very well be.
The deal is probably already in the bag and ASND share price will most likely reflect sentiment of large players.
If the company is indeed purchased, I will sorely miss trading this stock and it's options. Another good tech stock leaves the board... kind of like USR.
I believe LU will be whipped by Cisco regardless. Cisco is adjusting their strategy now and I suspect we will all be surprised by what develops.

--spaw--



To: Tim Luke who wrote (52589)8/22/1998 9:28:00 PM
From: bucky89  Read Replies (1) | Respond to of 61433
 
If ASND refused ERICY's offer of 55, why would they sell to LU for 50?

bucky89



To: Tim Luke who wrote (52589)8/23/1998 12:04:00 AM
From: Gary Korn  Respond to of 61433
 
i think the lu/asnd deal is as good as done and the price is 50 per share.

Tim,

Hi! That's not much of a premium. Heck, the stock would pretty much trade unchanged (well, up a point or two) after this announcement, given typical pre-finalization spreads.

Gary Korn


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