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

To: Tim Luke who wrote (54178)	9/15/1998 10:36:00 AM
From: gbh	Respond to of 61433

Re: $70, from the News Only thread. Not to say I agree with this number, but it was printed. But whether Ascend wants to sell is a topic of debate. One technology banker, who spoke on the condition of anonymity, says the company's senior management has mixed opinions about whether they want their company to be acquired. If they do sell, the company may ask for a price in the mid-$70s, the banker added. nytimes.com

To: Tim Luke who wrote (54178)	9/15/1998 10:39:00 AM
From: Duke	Respond to of 61433

As Mr. Mory said in the interview, ASND plan to be independent but will consider if the price is right...so 2 thing will happen here: 1. There will be no merger between ASND and LU ( or whoever ) 2. If it does happen, I don't think the Board let it go for below 70 if LU or whoever want ASND that bad, they have to pay for it, ASND not in hurry to sell itself. Just my only opinion of course. Duke

To: Tim Luke who wrote (54178)	9/15/1998 11:26:00 AM
From: Kent Rattey	Read Replies (1) \| Respond to of 61433

<i agree with you and that statement but what i don't get is where everyone is coming up with this $70 price.......lets be real here> Rick Malone, principal in Vertical Systems, a company that advises investment bankers on mergers and acquisitions in this market, said Ascend has won a number of major deals with its Cascade GX550 switch and has more in the pipeline. Ascend could cost as much as $14 billion, according to Malone. With the financial wherewithal to buy Ascend at that price, Lucent could write off the investment in Livingston without batting an eye, he said. Kent