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

To: John Meares who wrote (59931)	2/11/1999 9:06:00 PM
From: Clay Takaya	Respond to of 61433

A gap is OK as many things could still rock the boat on this deal and this accounts for this risk. But that it should widen as time goes on seems back assward. We should see the gap tightening as time goes on unless someone thinks Mory's gonna pull the plug unless he gets his/our $100/share for ASND. I think we'd better strap ourselves in for the roller coaster ride. BTW: Today I heard Joe Battipaglia on CNBC making a case for holding a bunch of "overvalued" tech stocks as core holdings as the demographics and the economy should push these stocks higher. Of course he mentioned LU along with MSFT, CSCO..., i.e. the usual overvalued suspects.

To: John Meares who wrote (59931)	2/11/1999 10:43:00 PM
From: Pat Hughes	Respond to of 61433

Just my opinion John, I don't see it as a problem at all. The gap will close as the deal gets closer to being finalized. I think ASND is a great play here. Pat Hughes

To: John Meares who wrote (59931)	2/12/1999 12:44:00 AM
From: Jan Crawley	Read Replies (1) \| Respond to of 61433

Anyone have a speculation as to this lag? When will ASND catch up? If it doesn't catch up, is the nix deal theory plausible I can try for one of the reasons/specuations: 1. Asnd's short interest dropped from 17.7M in Dec/98 to 9.6M in Jan/99 after the merger announcement. There is less "short covering" to enhance the price movements during market swings. LU at the other hand, may have more. 2. Some large instituions own both LU/Asnd shares and are re-adjusting their portfolios/positions by reducing their Asnd holdings from time to time; creating some additional selling pressure.