Technology Stocks | Ascend Communications (ASND)


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To: Renee Scherb who wrote (61410)7/10/1999 1:40:00 PM
From: Techplayer   of 61433
 
1.65 lu for each share of ASND.....

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To: Techplayer who wrote (61411)7/21/1999 6:10:00 PM
From: Jack Colton   of 61433
 
The LAST WORD!

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To: Jack Colton who wrote (61412)7/21/1999 7:32:00 PM
From: Dee Jay   of 61433
 
I S . . . . ? ? ?

Dee Jay

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To: Dee Jay who wrote (61413)7/26/1999 11:02:00 AM
From: Daniel   of 61433
 
... not ...

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To: Daniel who wrote (61414)7/27/1999 5:54:00 PM
From: Lucinos   of 61433
 
One More ?

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To: Lucinos who wrote (61415)7/30/1999 10:57:00 AM
From: Mighty Mizzou   of 61433
 
MANAMA (Reuters) - Ascend International Inc, a
subsidiary of Lucent Technologies of the United
States, has been awarded a contract to install
new ports for Saudi Arabia's Internet service
phase II expansion, industry sources said
Thursday.

''Ascend has been awarded a contract to install
the new ports,'' an industry official told Reuters
by telephone from the Saudi capital Riyadh.

No details were available on the cost of the
project or when the deal was awarded.

Saudi Arabia currently has 5,000 Internet ports
and the planned expansion is to double the
number of ports to 10,000.

The Saudi Telecommunications Company
(STC), in a circular obtained by Reuters, said it
was in the process of activating Internet phase II
equipment to help speed up the service.

''We expect phase II to be completed by the end
of September, 1999... When phase II is
completed, STC will have expanded the Internet
dial-up access service area to include most of
the kingdom,'' the circular said.

STC, set up in 1998 with an initial paid-in capital
of 10 billion riyals ($2.6 billion) as part of the
kingdom's privatization drive, said it would
increase the modem allocation for Internet
service providers (ISPs) when the project was
complete.

''Each ISP will be allocated an additional 200
new modems across the kingdom. These
modems will be 'globally available'. This means
that these modems are available at all of the
Internet locations in the kingdom,'' it said.

There are currently 26 ISPs operating out of an
original 40 licensed to provide Internet services
-- the kingdom withdrew the licenses of 11
earlier this year for failing to provide services on
time.

Saudi Arabia began to provide cheap Internet
services to its 18 million inhabitants early in
1999 through the King Abdul-Aziz City for
Science and Technology (KACST) -- the body
charged with supervising the net.

Referring to a planned phase III, STC said it was
in the process of ''installing additional
equipment to further expand Internet services
throughout the kingdom, increase the number of
ports and expand international connections.'' It
gave no further details.

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To: Mighty Mizzou who wrote (61416)9/16/1999 8:54:00 AM
From: Tech Bull   of 61433
 
Ashby bags $124M from the dark side ...

Hi all - from TheStreet.com:
thestreet.com 

In a twist of Silicon Valley irony, Michael Ashby has found riches at the company he fought for nearly three years.

In 1997, Ashby became chief financial officer of the then-struggling Internet supplier Ascend and started waging war each day with powerful Cisco (CSCO:Nasdaq). In June, Ascend, by then much stronger, was acquired by telecom giant Lucent (LU:NYSE), another Cisco foe. But Ashby left to become CFO of Cerent, expecting to help take the optical-network supplier public.

Instead, he found barbarians at the gate in the form of Cisco's M&A team. And Ashby helped craft Cisco's $7 billion buyout of Cerent, a company with just $10 million in annual revenue. The deal was announced on Aug. 26.

Such is life in the Internet world.

"To a certain extent I'm disappointed, but how can you turn down a price like that?" Ashby says.

True enough for Cerent -- and Ashby himself. He now has stock options in Cisco that, while they haven't vested yet, are worth $124 million. (He scored $34 million when Lucent acquired Ascend.)

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To: Mighty Mizzou who wrote (61416)9/28/1999 6:08:00 PM
From: nghi vu   of 61433
 
can someone help me find historical price of ASND, I need to find out the closing price on 2/4/98. All the historical databases that I know have wiped out ASND since the merger.

Thanks

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To: nghi vu who wrote (61418)9/28/1999 11:41:00 PM
From: Christopher Reed   of 61433
 
I have a close price of 31.25 on 2/4/98 But if it's for a legal reason you had best go to a library.

Cheers
Chris

PS. Why do I still have this thread bookmarked?

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To: Christopher Reed who wrote (61419)9/29/1999 12:58:00 AM
From: nghi vu   of 61433
 
thanks, it is for legal reason and you are correct about the price(eom)

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