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


To: thebeach who wrote (55487)10/7/1998 10:43:00 PM
From: James A. Venooker  Respond to of 61433
 
Dear beach,

As I have said before, the stock is definitely being manipulated. With such market volatility, I am surprised every good tech stock is not down in the single digits. Look at CSCO, EMC, etc., this is plain and simply CRAZY.

I can not wait to put this whole LU-ASND issue beyond us, so I can free up the cash to put is someplace useful and SAFE..like my mattress!!

regards,

Jamie



To: thebeach who wrote (55487)10/7/1998 10:49:00 PM
From: gbh  Respond to of 61433
 
thebeach, what do you mean by "being acquired in the open market"? Are you suggesting LU (or some other suitor) is buying ASND shares in the open market to buy some substantial percentage?

If so, this is way off base, and not really possible. This would constitute a hostile takeover situation. Its virtually unheard of in the tech industry, where what a company is really acquiring is a management team and IP (intellectual property). Last example (which was wildly unsuccessful) I can think of was CA trying to acquire CSC.
Gary