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Technology Stocks : 360Networks - TSX - TSIX

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To: Al Collard who wrote (223)	5/18/2001 10:44:02 AM
From: James Calladine	Read Replies (1) of 449

FROM THE GLOBE AND MAIL ARTICLE: "He rejected a suggestion from one shareholder that the company should raise the $300-million (U.S.) it needs to complete its business plan through a rights offering that would enable shareholders to buy one new share for every three they hold." Presumably this means what? -- this kind of deal will be offered to debtholders as part of the refinancing? -- it would take too much time? -- he doesn't think the shareholders would participate? -- the price would be too embarassingly low? Also, (from Briefing) <<<03:34 ET Lucent Tech (LU) 9.81: Alcatel (ALA 32.04) in advanced talks to acquire Lucent in all-stock deal valued at about $40 bln, or nearly 20% above LU's current value, reports the New York Times... Deal could be announced by early June>>> ALA + LU + TSIX That would be an interesting combination! Would ALA have the money to do it? Would they want to? Namaste! Jim

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