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Technology Stocks : DSC Communications

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Jun 3 1:06 PM EST

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To: Steve Fancy who wrote (4371)	7/20/1998 9:58:00 AM
From: Paul Lee	Read Replies (2) of 4429

Reason for weakness today ? DSC Special Stockholders' Meeting Scheduled for August 27, 1998; Second Request for Information Received from Department of Justice DALLAS, July 20 /PRNewswire/ -- In connection with the June 4, 1998 announcement that Alcatel would acquire DSC Communications Corporation (Nasdaq: DIGI) in a stock-for-stock transaction, DSC today announced it has set July 23, 1998 as the record date for determining which stockholders are entitled to vote on the merger. It has also scheduled August 27, 1998 as the date for the special stockholders' meeting at which this vote will be held. The meeting is scheduled to take place at DSC's offices in Plano, Texas. Further, DSC announced today that it and Alcatel had received a request for additional information and other documentary materials from the U.S. Department of Justice under the Hart-Scott-Rodino Act concerning Alcatel's acquisition of DSC. The merger is conditioned on the expiration of the Hart- Scott-Rodino waiting period and other customary conditions, including the approval of DSC stockholders.

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