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


To: thebeach who wrote (58554)1/10/1999 9:20:00 PM
From: Mark Duper  Read Replies (1) | Respond to of 61433
 
Beach, what did it say, the link doesn't work for me.

Thanks



To: thebeach who wrote (58554)1/10/1999 10:30:00 PM
From: Bluetooth  Read Replies (1) | Respond to of 61433
 
Lucent Close to Agreement to Buy Ascend for $16 Bln, FT Reports

[From Bloomberg, 1/10/99 22:04]

Murray Hill, New Jersey, Jan. 10 (Bloomberg) -- Lucent Technologies Inc.,
the world's largest phone-equipment maker, is close to an agreement to buy
Ascend Communications Inc. for more than $16 billion, the Financial Times
reported, citing unidentified people close to the talks. An announcement
about a purchase of the networking-equipment maker could come as early as
Wednesday. Financial terms weren't available, the paper said.

Lucent declined to comment on the FT report, while Ascend officials weren't
immediately available to comment. (FT 1/10 www.ft.com)