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Strategies & Market Trends : Gorilla and King Portfolio Candidates
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To: Uncle Frank who wrote ()3/23/2000 10:03:00 AM
From: mtnlady  Read Replies (3) of 54805
 
Alcatel/ETEK deal

Rumor is that ALA was posturing for a nice LT deal with ETEK/JDSU.

From the JDSU thread - no link was provided.

Alcatel Press Statement
BUSINESS WIRE - March 23, 2000 07:15
DALLAS, Mar 23, 2000 (BUSINESS WIRE) -- In response to a newswire report issued Wednesday, March 22, Alcatel today issued a statement that the newswire report does not accurately represent its position regarding the proposed merger between Alcatel's suppliers JDS Uniphase and E-Tek Dynamics Inc.
Alcatel has not filed an opposition to the proposed merger. Any discussions involving Alcatel with the Justice Department have been to provide factual industry information requested by the Justice Department. Krish Prabhu, Chief Operating Officer of Alcatel Telecom stated, "We value the relationships we have developed with both JDS Uniphase and E-Tek and have been in discussions with them to ensure that Alcatel's long term interests will be protected. We look forward to continuing good relationships after the merger is completed."

Also of interest, from ALA first press release stating they would contend the deal:

"'On some components there are no other suppliers,' Harrison said. 'We don't want to get into a situation where there's only a single supplier.'

What's of interest is that ALA is saying ETEK was their only supplier (i.e. "no other suppliers"). And they don't like the ETEK/JDSU deal because "we don't want to get into a situation where there's only a single supplier." Maybe I haven't had my morning coffee yet... but ETEK was their only supplier and now JDSU/ETEK will still be their only supplier. What has changed? Am I missing something?
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