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Technology Stocks : Newbridge Networks -- Ignore unavailable to you. Want to Upgrade?


To: Trader Bob who wrote (7521)11/19/1998 4:41:00 PM
From: Glenn McDougall  Read Replies (2) | Respond to of 18016
 
Not a bad day for NN. (as I am sprinting down the road). Ascend just can't keep up today.

Ascend (NASDAQ: ASND)
Time: 4:01PM
Last Trade
53 5/16

Change
- 9/16 (-1.04%)

Bid
53 1/4
Ask
53 5/16

Volume
02,604,9000

Prev.Close
53 7/8
Open
54 1/4

Day Range
53 00 - 54 1/2

Last Tick
0Up0

Avg.Volume
06,659,100



To: Trader Bob who wrote (7521)11/19/1998 5:18:00 PM
From: Luc Glinas  Read Replies (1) | Respond to of 18016
 
Fine with the rumor, LU will surely buy someone, if the rumor is right they will attempt to grab NN. At what price (in USD) will we say YES, what is the value for our stocks.

Luc



To: Trader Bob who wrote (7521)11/19/1998 5:38:00 PM
From: OrionX  Read Replies (2) | Respond to of 18016
 
Trader Bob,

Is 500 million enough of a bond to buy NN at several billions? Looks to me, that if this money is for a purchase, it's gotta be for a smaller company at less than 1 billion. Right, wrong?



To: Trader Bob who wrote (7521)11/19/1998 6:23:00 PM
From: Gary Korn  Respond to of 18016
 
LUCENT TECHNOLOGIES ANNOUNCES SALE OF $500 MILLION IN NOTES [I'm only posting this because of the prior reference to this note sale]

MURRAY HILL, N.J., Nov. 19 /PRNewswire/ -- Lucent Technologies today announced the sale of $500 million in 10-year notes. The notes will be due November 15, 2008 and carry a coupon rate of 5.5 percent. The notes are not redeemable prior to maturity. The proceeds will be used to pay down a portion of the company's short-term commercial paper.

Underwriters plan to offer the notes to the public at 99.562 percent to yield 5.558 percent to maturity, with a cost to the company of 5.644 percent.

An underwriting group led by Goldman, Sachs & Co. negotiated the sale. The group's co-managers are Bear, Stearns & Co. and J.P. Morgan & Co.

Lucent Technologies long-term debt is rated Single A by Standard and Poor's Corporation, A2 by Moody's Investor Services, Inc. and Single A by Duff and Phelps Credit Rating Company.

Lucent Technologies, headquartered in Murray Hill, N.J., designs, builds and delivers a wide range of public and private networks, communications systems and software, data networking systems, business telephone systems and microelectronic components. Bell Labs is the research and development arm for the company. For more information on Lucent Technologies, visit the company's web site at lucent.com. SOURCE Lucent Technologies




To: Trader Bob who wrote (7521)11/20/1998 1:52:00 AM
From: Dennis R. Duke  Read Replies (1) | Respond to of 18016
 
Did Merrill Lynch do that Bond issue for LU? I had heard they were.

Thanks, Dennis