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

To: mike thomas who wrote (59084)1/13/1999 7:02:00 PM
From: bucky89  Read Replies (1) | Respond to of 61433
 
Kind of wonder how clever those guys at lu are. They could have had this company
a lot cheaper not too long ago. Won't be selling any csco just yet. regards

Yes, McGinn did indeed screw up. Paying $2B+ for Livingston and Yurie. $2B in LU stockholder capital...all wasted. And all they needed in the first place was ASND. But ASND probably would have been abou the same price if they had bought earlier in terms of number of LU shares.

bucky89



To: mike thomas who wrote (59084)1/14/1999 1:58:00 AM
From: brian z  Respond to of 61433
 
What do you mean LU could buy ASND cheaper not too long ago? LU was at 50's two months ago while ASND at 40's. Was ASND cheaper then? So was LU. This is a stock swap deal at .825 rate. Only lower rate means "cheaper" in this case, for instance, .65. LU can get ASND cheaper any time if they CAN.


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