Alcatel (ALA) and France Message Board

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Technology Stocks : Alcatel (ALA) and France

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To: Steve Fancy who wrote (884)	9/28/1999 2:28:00 PM
From: Steve Fancy	Read Replies (1) of 3891

Alcatel Buys Genesys Laboratories AP Online, Tuesday, September 28, 1999 at 09:32 PARIS (AP) - Alcatel of France is buying Genesys Telecommunications Laboratories, a San Francisco-based provider of computer telephone technology, for $1.5 billion in stock. Alcatel said Tuesday the acquisition complements its five U.S. purchases during the past year, leaving the company ''well-positioned to benefit from the exploding demand for voice-data integration in the United States.'' Recent U.S. purchases by the maker of communications equipment have included DSC and Xylan. Under the latest deal, Alcatel will swap 1.667 of its U.S. shares for each share of Genesys. The deal is expected to be completed in January 2000. Genesys specializes in computer telephone integration equipment and telecom management. Alcatel Chairman Serge Tchuruk said the acquisition of Genesys should boost the French company's position in the high-growth call center market. ''This is another major step for Alcatel, which continues to move quickly towards high-growth markets fueled by the Internet and now, e-commerce,'' Tchuruk said.

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