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Technology Stocks : Alcatel Telecom (ALA)

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To: kech who wrote (187)9/18/1998 8:25:00 AM
From: PaperChase   of 285
 
SEC Investigation possible over recent DSC Communication (digi) acquisition. I never liked DSC as a company but it appears former shareholders have a case. However, I still believe DSC would have traded lower without ALA to buy them out.

From Reuters:

"Alcatel was down 4.9 percent at 543. The company denied it had information that had led it to downgrade its profit forecast when it was bidding for U.S. DSC (NYSE:ALA - news). Brokers said the shares were under pressure on fears of a Securities and Exchange Commission inquiry."
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