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

To: gbh who wrote (54397)9/17/1998 11:12:00 PM
From: Peppe  Read Replies (1) | Respond to of 61433
 
Gary,

Since you used the CIEN example, let me share a lesson I learned. The market knows and it doesn't lie.

< I think Mory will be happy with an announced deal of 60'ish and a downside collar. >

Shouldn't ASND be at least trading in the mid 50s if this were the case ?

< Its also likely that by the time the deal closes, ASND shareholder could get 70 or even 80.>

Based on what ? With this market and the annual October sell-off around the corner ? I don't concur.

I just feel a little funny about this one. It's too obvious, too easy. Just like CIEN when it was trading at $ 28 ...

Cheers,

Peppe



To: gbh who wrote (54397)9/18/1998 8:55:00 PM
From: gfr fan  Respond to of 61433
 
<< I believe LU only wants a very healthy company. One that will allow them to compete head-on against CSCO where they have a chance of winning>>

This assumes LU does a mega buy of a data networking company. They've bought some sick small ones so far (Lannet) and FORE and CS and NN have much more reasonable prices per revnue that ASND. I still think the issue on an ASND buy is the product overlap.


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