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

To: Pat Hughes who wrote (58662)	1/11/1999 12:17:00 PM
From: Tim Luke	Respond to of 61433

i'm in!

To: Pat Hughes who wrote (58662)	1/11/1999 12:29:00 PM
From: Teddy	Read Replies (1) \| Respond to of 61433

"High $80's"???!!! From The Wall Street Urinal: Dow Jones Newswires -- January 11, 1999 Ascend Up 5% On Report Lucent Is Close To Buying Co. NEW YORK (Dow Jones)--Shares of Ascend Communications Inc. (ASND) were up nearly 5% after London's Financial Times reported Lucent Technologies Inc. (LU) is close announcing an acquisition of the data networking equipment maker. The newspaper reported the deal - which has been rumored for months - is likely to be valued at more than $16 billion. Both Lucent and Ascend declined to comment on the report, calling it speculation. But Sanford Bernstein & Co. analyst Paul Sagawa said both companies have "laid out business objectives that suggest they would be open to such a deal." Sagawa said he believes Ascend would consider an acquisition that would value the company in the "high-80s" on a per-share basis. Given the recent run-up in Lucent's stock, he added, the company could come up with a price in this range by using an exchange ratio of about 0.8 and still do a deal that would be accretive. The recent rebound in Lucent's stock, Sagawa stressed, is a critical factor to getting a deal done.