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

To: Steve Morytko who wrote (55501)	10/7/1998 11:36:00 PM
From: James A. Venooker	Read Replies (1) \| Respond to of 61433

Dear Steve, The premium should be irrelevant based on your assumption (i.e., culture clash). Yes I believe some of LU's purchases have been laughers for the folks at ASND, CSCO, etc., however, ASND & CSCO realize that if one of LU's odd ball takeovers pays dividends, then who will really be laughing? LU's recent acquisitions cost them virtually nothing. They could have used the same money to pay shareholder dividends. LU is gambling, and eventually every player is dealt a blackjack, wouldn't you agree? regards, Jamie

To: Steve Morytko who wrote (55501)	10/7/1998 11:52:00 PM
From: gbh	Respond to of 61433

Steve, don't overplay the culture aspect. The piece of ASND that LU covets is the Cascade ATM/frame switching piece, and this is all on the east coast in Mass. I do, however, believe the product overlap that has resulted from recent LU acquistions must be somewhat troubling for Mory and his team. But if ASND's RAC, ATM concentrator, and IP products are truly superior, which I think they are, then Mory has nothing to worry about. If he chooses to stay on, it would likely be as the Executive VP of all of data networking, and he could do what he wants with the rest of the troops. Gary