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Technology Stocks : America On-Line (AOL)

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To: Vendit™ who wrote (20946)	6/9/1999 2:24:00 AM
From: DOUG H	Read Replies (1) of 41369

Atlanta -- Alcatel SA plans further acquisitions to plug gaps in its Internet product strategy, said Krish Prabhu, president and CEO of the French equipment supplier's U.S. subsidiary, inremarks made here at SuperComm. Speaking at a press conference at the show, Prabhu said the company needed to "fill a few holes soon" in its portfolio of IP-based network products. "One of the most urgent areas is software for IP billing, customer configuration, and firewalls," he said. "We may make one or two pre-IPO acquisitions this year." The buying will not stop there. Prabhu said the company also plans to buy expertise in optical networking. "There's going to be a lot of activity in the core network when traffic from new broadband access networks builds up," Prabhu said. "When companies like AOL start pushing digital subscriber line to their some 20 million subscribers to keep them from going to cable companies, that's going to create a lot of growth." "The Baby Bells are pretty active too," he added.

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