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

To: Tim Luke who wrote (58912)	1/13/1999 12:42:00 AM
From: MARK C.	Respond to of 61433

Damn! I never could sleep the night before Christmas.lol

To: Tim Luke who wrote (58912)	1/13/1999 12:44:00 AM
From: A. Edwards	Respond to of 61433

Lucent to buy Ascend for $20 bln - Reuters (Adds exchange ratio and deal value) Jan 12 (Reuters) - Lucent Technologies Inc. (NYSE:LU - news), the world's largest telecommunications equipment maker, will announce on Wednesday the acquisition of Ascend Communications (Nasdaq:ASND - news), the fourth largest maker of computer networking equipment, in a deal valued at about $20 billion in cash and stock, sources familiar with the situation said. Lucent and Ascend declined to comment. Lucent will exchange 0.825 of its stock for each Ascend share, valuing Ascend shares at $90 based on Lucent's close Tuesday, a source close to Ascend said. A formal announcement would be made at about 0530 EST (1030 GMT) on Wednesday morning, the source said. The deal would be the largest merger yet as the markets for voice and data networks continue to blur.