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

To: Mighty Mizzou who wrote (59688)	2/2/1999 11:32:00 PM
From: Pat Hughes	Respond to of 61433

OFF TOPIC Out at 35.1/2. on PSIX That stinks!

To: Mighty Mizzou who wrote (59688)	2/3/1999 6:59:00 AM
From: gbh	Respond to of 61433

PSInet CEO just on CNBC. 90% of all networking gear is supplied by ASND/LU (mentioned first), and CSCO. VoIP is operating now on ASND gear, and will be up sometime in the first have of this year on CSCO.

To: Mighty Mizzou who wrote (59688)	2/3/1999 8:42:00 AM
From: Lee Ring	Read Replies (1) \| Respond to of 61433

MM This is worth reading Lee MAKATI CITY, PHILIPPINES, 1999 FEB 2 (NB) -- By Joel D Pinaroc, Metropolitan Computer Times. The acquisition of telecommunications supplier Lucent Technologies [NYSE:LU] of networking company Ascend Communications [NASDAQ:ASND] is predicted to be the biggest merger for this year, with the figure involved reaching $20 billion, according to Kurt Bauer, vice president of product marketing, Access Switching Division of Ascend. Although the Lucent-Ascend deal is not yet closed, he said the formal announcement of the merger will be held in July this year or even earlier. Bauer was in the Philippines late last month to promote Ascend's MultiVPN services. Under the terms of the Lucent-Ascend agreement, which was approved by each company's board of directors, each share of Ascend stocks will be converted into 0.825 shares of Lucent. Based on Lucent's most recent stock closing price of $107-7/8, the transaction would be valued at $20 billion. "Lucent offered a very good proposal to the stockholders of Ascend," Bauer commented. In terms of organization and reorganization, Bauer said plans are still being completed and reviewed by the two companies. He added that legal issues concerning the merger are also being addressed. "We can't comment much on the details as the deal is not yet closed," Bauer said. "But the merger will definitely push through this year, as early as April." Bauer added that like most mergers, the Lucent-Ascend merger would benefit both companies, which will now be able to leverage each other's strengths in the global networking market. For now, however, Bauer noted that Ascend would continue its "usual" operations, at least for the whole of 1999. Lucent Technologies for its part announced that it has signed a definitive agreement to merge with Ascend Communications in a bold move to become the leader in communications and networking. The transaction is set to be completed during Lucent's third fiscal quarter, which ends June 30, 1999, and will be accounted for as a "pooling of interests." The transaction is also expected to strengthen Lucent's business strategy of providing voice, fax, and video, among other network services, using Ascend's leadership in networking technologies such as wide area networking (WAN), and virtual private networks or VPNs. Reported by Newsbytes News Network: newsbytes.com