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Technology Stocks : Alcatel (ALA) and France

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To: Steve Fancy who started this subject7/16/2001 1:46:03 PM
From: M. Charles Swope  Read Replies (2) of 3891
 
Is Alcatel a takeover target?

With its stock off 50%, ALA is being talked about as a potential takeover target in an article in today's WSJ.

"This makes Alcatel, the other big European participant in fixed telecommunications equipment a more attractive target [than Marconi].

"Alcatel is now trading near its intrinsic value...it may be time to buy it. The company is far from bankruptcy and still solid," said a trader at a French broking house.

U.S. group Cisco Systems (CSCO) emerges as an "obvious contender" for the French group, said Credit Lyonnais' Anthony."
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