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

To: Norman Fogelsong who wrote (54658)	9/24/1998 3:28:00 PM
From: Drake	Read Replies (1) \| Respond to of 61433

Thanks, Norman. Imo, Mory won't go for less than $70.

To: Norman Fogelsong who wrote (54658)	9/24/1998 9:49:00 PM
From: Duke	Respond to of 61433

<At a Morgan Stanley Dean Witter breakfast this morning, one of the managing directors from the firm's M&A group reviewed buyout premiums for the last eight years. The median premium was 30% above the stock's closing price seven days before the deal was announced. More than 90% of all buyout premiums fell within a range of 20-40% above the target stock's closing price a week before announcement. If ASND trades at $50 the week before a deal is announced, we could expect to see an offer of $65. If Mory successfully argues for a "premium" buyout premium, we might see $70. Best regards, Norman.> Hi Norman, that make me feel more confidence with my guessing theory about LU/ASND. Oct 9, Friday is earning announced after market close, following Monday let say ASND trade at 52. As we're talking here, if Mr. Mory can get between 25%-35% premium base on that day price, the deal can be out on "THE MERGER MONDAY OCT. 19". That will make ASND value range 13B-15B. It's matching with our guessing. I believe Mr. Mory won't let it go for anything below 65. Remember how ambitious and want to win he is at CNBC's interview showed sometime not long ago? Duke