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Technology Stocks : Alcatel (ALA) and France

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To: Steve Fancy who wrote (65)10/6/1998 1:34:00 AM
From: Steve Fancy   of 3891
 
Another DSC Commun Hldr Suit Filed Against Alcatel

Dow Jones Newswires -- October 5, 1998

NEW YORK (Dow Jones)--Another lawsuit was filed against Alcatel Alsthom (ALA), alleging the company and certain of its officers and directors violated securities laws.

As reported, Alcatel and DSC Communications merged in a stock swap. An earlier lawsuit filed in Texas on behalf of DSC Communications shareholders alleged Alcatel "omitted from disclosure in the registration statement and prospectus it issued in connection with the DSC merger the material fact that it would not meet earnings expectations for 1998."

In a press release Monday, a New York law firm said it filed the latest lawsuit in a New York district court on behalf of DSC Communications Corp. shareholders and purchasers of Alcatel Alsthom stock between March 19 and Sept. 17.

The lawsuit seeks class-action status and the recovery of damages.

Alcatel officials weren't immediately available for comment.
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