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To: Peppe who wrote (8985)	1/12/1999 1:19:00 PM
From: pat mudge	Read Replies (3) \| Respond to of 18016

Peppe -- Your reasoning assumes LU's willing to pay $18 bln. Who says they are? Only one person from either company has been quoted and that was a guy from Ascend saying they weren't on the block. Pat

To: Peppe who wrote (8985)	1/12/1999 1:19:00 PM
From: Dennis R. Duke	Read Replies (1) \| Respond to of 18016

You make some good points. The market will tell us what is next. What I see is the following: $INDU - 9529.78 -90.11 9620.15 9499.40 54.4M 10:10 Jan12 $TRAN - 3242.60 -43.72 3286.32 3237.28 6.98M 10:10 Jan12 $COMPQ + 2333.29 -51.30 2396.30 2326.58 10:10 Jan12 $RUT + 428.35 -4.78 434.72 427.78 10:11 Jan12 $ADV - 889 10:10 Jan12 $DECL + 2001 10:10 Jan12 $OEX - 620.80 -8.62 630.04 619.10 10:10 Jan12 # Stocks (NYSE, AMEX, NASD) Symbol.0 H.44 T.57 Last.15 Change.10 Pct.55 TSize.33 Bid.7 Ask.3 Vol.34 High.13 Low.17 Time.31 Date.11 .41 ASND + 76 5/16 -3/8 -0.5% 500 76 5/16 76 3/8 7.18M 79 1/2 75 10:10 Jan12 LU 1 - 110 -2 15/16 -2.6% 200 109 15/16 110 1/8 4.10M 113 5/16 109 10:10 Jan12 NN + 34 3/16 +15/16 +2.8% 100 34 1/16 34 3/16 888K 34 1/4 32 13/16 10:10 Jan12 In other words, the market is falling apart today. Even ASND and LU are down and NN is raising. All of the indexes are negative. Decliners are leading advancers by more than two to one. And yet we are bucking the trend. The ASND premium may not be available to the NN holder. The market will tell us soon enough. Later, (-8 Dennis 8-) P.S. Where is Pat today???