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

To: Tim Luke who wrote (58561)	1/10/1999 10:57:00 PM
From: H.A.M.	Respond to of 61433

Lucent near merger with Ascend in $16bn deal - FT WASHINGTON, Jan 10 (Reuters) - Lucent Technologies Inc is close to announcing a merger with Ascend Communications in a deal likely to be valued at more than $16 billion, the London-based Financial Times reports in Monday editions. The Financial Times quoted sources close to the talks as saying that an announcement was likely to be made this week, possibly as early as Wednesday. Under the merger deal, Lucent, with a market capitalisation of about $152 billion, will take over Ascend, which is valued at about $15.5 billion, the paper said. The newspaper said Ascend shareholders were expected to welcome the deal, which would likely include a premium. Talks between the companies are said to have been going for several weeks, according to the newspaper report. The sources said that while talks were now reaching an advanced stage, they could still fall apart. Lucent, formerly part of AT&T, is one of the oldest suppliers of traditional telephone equipment. Ascend's background is in data networking equipment for linking computers. Ascend is said by analysts to have strengths in two particularly fast-growing areas asynchronous transfer mode and internet protocol routing technology. 22:47 01-10-99

To: Tim Luke who wrote (58561)	1/10/1999 10:57:00 PM
From: Pat Hughes	Respond to of 61433

We are going to fly anyway. My take is that this combination will be viewed very favorably by the street. I believe that the street will see this combo as a formidable competitor to Cisco. I can't wait til' the mornin'! Pat Hughes

To: Tim Luke who wrote (58561)	1/10/1999 11:00:00 PM
From: Sowbug	Read Replies (1) \| Respond to of 61433

From the "Profile" section on SI: Based on ASND closing price of $71.4375 on 01/08/99 [...] Market Capitalization $14.90 billion If the market cap is 14.9 billion and the price is 71.4375, that makes 208,573,928.259 shares. So $16 billion divided by the number of shares is $76.71 per share. Who knows whether these data are correct or whether I'm using the right analysis, but that's a suck-ass price for those of us who bought recently.

To: Tim Luke who wrote (58561)	1/10/1999 11:06:00 PM
From: Christopher Reed	Read Replies (2) \| Respond to of 61433

Lucent near merger with Ascend in $16bn deal - FT WASHINGTON, Jan 10 (Reuters) - Lucent Technologies Inc (NYSE:LU - news) is close to announcing a merger with Ascend Communications (Nasdaq:ASND - news) in a deal likely to be valued at more than $16 billion, the London-based Financial Times reports in Monday editions. The Financial Times quoted sources close to the talks as saying that an announcement was likely to be made this week, possibly as early as Wednesday. Under the merger deal, Lucent, with a market capitalization of about $152 billion, will take over Ascend, which is valued at about $15.5 billion, the paper said. The newspaper said Ascend shareholders were expected to welcome the deal, which would likely include a premium. Talks between the companies are said to have been going for several weeks, according to the newspaper report. The sources said that while talks were now reaching an advanced stage, they could still fall apart. Lucent, formerly part of AT&T (NYSE:T - news), is one of the oldest suppliers of traditional telephone equipment. Ascend's background is in data networking equipment for linking computers. Ascend is said by analysts to have strengths in two particularly fast-growing areas asynchronous transfer mode and internet protocol routing technology. <end paste> Ref: biz.yahoo.com Cheers: Chris