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

To: John Meares who wrote (59968)2/16/1999 9:23:00 PM
From: Jack Colton  Respond to of 61433
 
Well, I guess we will only get .4125 LU per ASND share! LOL...

Just kidding. Everything will remain 'relative' to the pre-split deal.

Jack



To: John Meares who wrote (59968)2/17/1999 9:09:00 AM
From: BMcV  Respond to of 61433
 
CNBC just said LU split 2:1 -- ASND bid strengthening from 72 1/4 to 72 3/4 in minutes, but may not help today. Why doesn't the market differentiate between DELL and "technology"? The market DELL serves is clearly still very strong; just the competition is catching up to DELL's model and the stock is adjusting its stratospheric valuation to that fact.



To: John Meares who wrote (59968)2/17/1999 1:10:00 PM
From: Ann Corrigan  Read Replies (3) | Respond to of 61433
 
Here's the answer to your question, John.

From Bloomberg:

"Lucent which agreed to buy ASND last mo., will swap 1.65 shares for each Asnd share if the acquisition is completed after the stock split, said Jeff Baum, a LU spokesman. The purchase is expected to be completed by June 30."

LU split will be effective on Apr 1 for shareholders as of Mar 5.

Ann


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