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

To: Robohogs who wrote (53781)	9/6/1998 3:05:00 PM
From: Glenn D. Rudolph	Respond to of 61433

No disrespect Glenn - I respect your posts and its good to see you back here. I hope you were one of the winners in the AMZN blow-up. Jonathan, No disrespect taken. The AMZN blow-up thus far has only helped me recover some losses there. It is not over until the fat lady sings<G> But with respect to SRA, given all of ASND's planned divestitures, it will be accounted for as a purchase even though it's with stock. And it is with ASND 20x 1999 P/E stock. LU could have done the same transaction using purchase accounting with 40x stock. I am back to learn these facts. I have not followed closely as I should. I admit to that. I was/am too focused on AMZN which I dispise. I appreciate your correction. I could use all the help I can get. I too believe LU has to buy ASND for strategic reasons and unlike Tim and others, I feel the price will be between $55-65, levels which will still be accretive to LU and which will provide for a premium to ASND shareholders. Using a 35% premium implies only $53 per share, although I would bet that if LU really wants ASND, they would pay a 50% premium ($58). I have no reason to disagree with this. I must do more homework on ASND to make a educated prediction. I am hoping to catch up a bit over the holiday. Glenn