SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Newbridge Networks
NN 15.70+5.2%Jan 16 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Tunica Albuginea who wrote (17103)2/16/2000 3:45:00 PM
From: danofthebes  Read Replies (2) of 18016
 
Anyone remember this...
Perhaps it's ALA that has to make sure it has its act together before NN will accept any ALA stock. 8~)

On September 17, 1998, nine days after Alcatel Alsthom (Symbol: ALA) acquired DSC Communications Inc. ("DSC"), Alcatel announced that its financial results would miss analysts' earnings projections by $260 million. Holders of DSC stock (Symbol: DIGI) who received American Depository Receipts (ADRs) of Alcatel in connection with the acquisition of DSC by Alcatel are alleged to have been defrauded by Alcatel's materially false and misleading registration statement filed in connection with the merger, which failed to disclose that Alcatel was suffering a severe decline in its business that would negatively impact its 1998 results. On news of the truth about Alcatel, its ADRs fell from from a close of 33-1/32 on September 16, 1998 to 19.25 on September 17, 1998, losing 38.5% of its value in a single day.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News