Just read this re: XYLN
XYLN was just bought, FORE may be next ?
Alcatel to Buy Xylan for More Than $1.7 Bln, NY Times Reports
Bloomberg News
March 1, 1999, 8:27 p.m. PT
Calabasas, California, March 1 (Bloomberg) -- Alcatel SA,
one of the world's biggest makers of telephone equipment, has
agreed to buy Xylan Corp. for more than $1.7 billion in cash, the
New York Times reported, citing unidentified executives close to
the transaction. Paris-based Alcatel is thought to have been
advised by Lehman Brothers, while Morgan Stanley Dean Witter is
believed to have advised Xylan. The transaction, expected to be
announced tomorrow, would be the second large acquisition in the
communications-equipment industry this week, following General
Electric Co. Plc's bid for Reltec Corp., the paper said.
Xylan shares have risen 22.4 percent since Feb. 23 to
26 15/16 today on speculation the marker of computer-networking
equipment may be bought at a premium by a large telephone-
equipment maker.
(NYT 3/1 www.nytimes.com)
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