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

To: H.A.M. who wrote (57257)	11/17/1998 10:40:00 AM
From: MskiHntr	Respond to of 61433

See post 57239 . BTW I agree with you. Best, Joe

To: H.A.M. who wrote (57257)	11/17/1998 1:08:00 PM
From: hitesh puri	Read Replies (2) \| Respond to of 61433

You guys thought I was joking ? LU/ASND combo is the real deal and barring any major screwup between the two managements it makes sense for LU right now to have Ascend and makes sense for Ascend to be with a large company like Lucent for beyond 2000. I wish we can make them know our decision. As Monica Lewinsky would say "Take me, you Big Guy, take me". Courtesy of todays HOOFBEAT 981117 (where I was quoted in HOOFBEAT 981116) XXXXXXXXXXX ASCEND XXXXXXXXX I checked with Ascend IR yesterday and indeed Mory Ejabat is currently on his honeymoon and won?t return until after the Thanksgiving Holidays. This information clearly changes the entire timetable for any potential Lucent acquisition. Of course, you can take this 2 separate ways. You can either take them at face value or assume that there?s a small chance that the ?honeymoon? is all a huge ruse and he?s actually honeymooning in Murray Hill, NJ. I prefer to take them at face value and go from there. Since Mory is an essential party for any Lucent negotiation, no talks could be occurring until early December. With December talks, you might as well just hold off until early January when Q498 earnings are a known quantity and announce the deal concurrent with earnings. So, this honeymoon thing has definitely thrown off the potential timing and fractured it between early December and late January. Short interest may rise further. (Also gives LU a chance to go to mid 90s -hitesh) While Mory is enjoying a much deserved break, CTO Jeannette Symons and Mike Ashby have been taking turns in Cascade land running the ship. Exactly what is CFO Mike Ashby going to do overseeing the Core Systems division? Clearly he?s not providing any technological guidance there. What he has been busy on, is selling off the Stratus units, which is a perfect job for him. Apparently he is almost ready to announce something here in November. They are now in ?Final? talks to sell Stratus Units according to Ashby. All 3 are close to being closed though he neglected to mention who the suitors were, of course. Ascend should receive $150 to $250M in compensation for three divisions. Ashby expects to take a Q4 charge of $305M related to R&D and will also take additional charges to set aside reserves against loans made to customers, equal or less than the $8.7M charge in Q3. Ashby expects Q4 EPS to be 31 cents, which we know really means 32 cents. Mike Cammarata Standard Contribution $50/yr or $26/6 months All contributions warmly and sincerely appreciated at: Mike Cammarata PO Box 746 Forked River, NJ 08731 All suggestions, comments, criticisms welcome Anyone wishing to unsubscribe please reply to: mike_cammarata@hotmail.com XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX -hitesh