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Technology Stocks : Newbridge Networks

NN 14.21

+1.7%

Nov 28 12:59 PM EST

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To: zbyslaw owczarczyk who wrote (16944)	2/10/2000 12:18:00 PM
From: Bron-y-aur	Read Replies (1) of 18016

from another thread; 10 Feb 2000 17:16 Alcatel has no comment on Newbridge PARIS, Feb 10 (Reuters) - French telecoms equipment group Alcatel would not comment on Thursday on market speculation it could be interested in buying Canada's Newbridge Networks Corp <NNC.TO> <NN.N>. "We have no comment at all to make on this speculation and rumour," an Alcatel spokesman said. He would not confirm or deny that Alcatel was talking to Ottawa-based Newbridge. Newbridge has been on takeover watch ever since announcing in November, as it posted weak second-quarter results, that it had hired an investment banker and was open to offers. Recent speculation suggests Alcatel leads the list of potential suitors, which is also rumoured to include Germany's Siemens AG <SIEGn.DE> and Sweden's LM Ericsson <LMEb.ST>. North American firms named as possible buyers include network equipment suppliers Nortel Networks Corp <NT.TO>, Cisco Systems Inc <CSCO.O> and Tellabs Inc <TLAB.TO>. ((Catherine Bremer, Paris newsroom +33 1 4221 5146, fax +33 1 4236 1072, email paris.newsroom@reuters.com))

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