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

To: Souze who wrote (56591)	10/29/1998 9:26:00 AM
From: Gary Korn	Read Replies (2) \| Respond to of 61433

Does this insider sale affect the possibility of a buyout? I'm interested in your views as an investor and as a lawyer. Souze, I'm not a securities lawyer. Here is a comment from Edgar-Online: "The value of the EDGAR Online end-of-day listing of 144's is that the first notification of a 144 filing sometimes is the precursor of other 144 filings. 144 sales frequently come in clusters caused by events such as the end of a "lock-up" period or stock options being exercised and can be used to successfully project the onset of increased "sell side" activity in the stock of the target company. Before ASND bought out Cascade, there was considerable selling by both ASND and CSCC insiders. Technically, though, insiders are not supposed to buy or sell when in possession of material non-public information. I guess the question then is: At what point does "material" information exist? Gary Korn