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Technology Stocks : Cabletron Systems (CS: NYSE)

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To: polarisnh who wrote (6561)	7/25/1999 4:25:00 PM
From: Nathan G	Read Replies (1) of 8358

Something to ponder on while we wait.... Siemens Rules Out Buying Alcatel Stake in Framatome, Paper Says Paris, July 24 (Bloomberg) -- Siemens AG, Germany's largest electronics and engineering company, isn't interested in buying Alcatel SA's 44 percent holding in French nuclear-reactor maker Framatome SA, Chief Executive Heinrich von Pierer told French financial weekly Le Journal des Finances in an interview. ''Siemens will not be taking a stake in Framatome because my shareholders wouldn't understand us if we invested in a sector where growth is slowing,'' von Pierer said. The German executive also expressed a preference for ''medium-sized'' acquisitions such as Siemens' purchases of Argon Networks Inc. and Castle Networks Inc. in the U.S., adding: ''There will be others.'' Siemens, Framatome and French electrical utility Electricite de France SA have teamed up to work on a nuclear reactor project called the European Pressure Reactor. (Le Journal des Finances, 7/24 29; no website) um 20 Min verzögert

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