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

To: jach who wrote (54106)	9/13/1998 12:18:00 PM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 61433

Lucent Eyeing Takeover Targets? Business Wire - September 11, 1998 11:38 %TRADETICKER %NEW-YORK %TELECOMMUNICATIONS %COMPUTERS %ELECTRONICS %COMED %INTERACTIVE %MULTIMEDIA %INTERNET V%BW P%BW NEW YORK--(BUSINESS WIRE)--Sept. 11, 1998--Red-hot telecom equipment maker Lucent Technologies may soon be in the hunt for networking companies and foreign partners, Business Week reports. Despite Lucent's soaring stock since its 1996 IPO, the company hasn't been free to use its shares as acquisition currency. The reason: Accounting rules bar spin-offs like Lucent from using an accounting method called "pooling of interests" for deals until they have been independent for two years. Lucent's second birthday is Oct. 1. So what will the Lucent buy itself as a gift? The company won't comment, but investors and analysts are buzzing about possible targets, including networking equipment maker Ascend Communications, France's Alcatel, and Finland's Nokia. CONTACT: Business Week Robert Pondiscio, 212/512-6311 212/512-2030 (Fax) businessweek.com