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

To: charlie who wrote (58580)	1/11/1999 12:50:00 AM
From: Tim Luke	Read Replies (1) \| Respond to of 61433

it will be done in a stock swap i do believe

To: charlie who wrote (58580)	1/11/1999 12:55:00 AM
From: Pat Hughes	Read Replies (1) \| Respond to of 61433

<Anyway I hope it is a cash deal> Thats not going to happen.

To: charlie who wrote (58580)	1/11/1999 1:14:00 AM
From: Sowbug	Read Replies (1) \| Respond to of 61433

Anyway I hope it is a cash deal If that happens I will personally drive over to Mory's house and strangle him.

To: charlie who wrote (58580)	1/11/1999 1:33:00 AM
From: Chuzzlewit	Respond to of 61433

Charlie, a cash deal is worth less than stock, because a cash deal means that the deal will be considered a straight acquisition, and will subject ASND shareholders to capital gains taxes. On the other hand, those who wish to hold LU will not pay capital gains taxes if the deal is accounted for as a pooling of interests. Secondly, because the deal will most likely be a stock swap, talking in terms of billions is silly. My guess is that the deal will be around .75 - .80 shares of LU per share of ASND. TTFN, CTC

To: charlie who wrote (58580)	1/11/1999 1:40:00 AM
From: PerryA	Read Replies (1) \| Respond to of 61433

A cash deal would kill the option premium for all the option holders. Regards - PerryA

To: charlie who wrote (58580)	1/11/1999 7:50:00 AM
From: gbh	Respond to of 61433

Anyway I hope it is a cash deal Hope all you want. LU doesn't have anywhere near this much cash, so would have to borrow it. I doubt they would saddle themselves with $15B in long term debt, when they can easily buy for stock. IMO, LU stock will initial fall a bit. But by the time this deal closes, and the street sees that ASND makes LU a legitimate data company, LU stock will be way up, dragging the buyout price with it. ASND holders should yield 85-100 in LU stock by closing time in 3 months or so. Gary