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

To: MadManMike who wrote (58868)	1/12/1999 9:24:00 PM
From: Warren Gates	Respond to of 61433

The other upside to this is that LU is now down to the breakout support level of 108 and should bounce tomorrow with Nasdaq carrying Ascend with it. The premium has pretty much been discounted in the Lucent price. Add to this the price to sales expansion to be nearer to Cisco's multiple of 18. Lucent has been steadily growing its margins and Ascend would further improve it. I would say, Ascend buyout at 80. Market likes it. Lucent goes up 5, Ascend goes up more ... then on to earnings. How many times do you get to have 2 earnings run-up in a quarter for a single stock. LONG ASND AND LU CISCO and NT too.