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Technology Stocks : Nortel Networks (NT) -- Ignore unavailable to you. Want to Upgrade?


To: Vahe who wrote (1674)1/13/1999 7:28:00 AM
From: Kenneth E. Phillipps  Read Replies (1) | Respond to of 14638
 
Ascend shareholders will get 0.825 shares of Lucent for each share of Ascend. This is close to $90 per share. In my opinion, Lucent will be down dramatically today. The question in my mind is whether it will pull Nortel down with it. My guess is that Nortel will stay above $50. Ascend/Lucent was a case of one overvalued company buying another overvalued company.

Ken