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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 176.83

-2.8%

9:30 AM EST

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To: Nancy Haft who wrote (23615)	3/2/1999 1:44:00 AM
From: Ruffian	of 152472

Alcatel> Tuesday March 2, 1:23 am Eastern Time (Note: this article is ''in progress''; there will likely be an update soon.) Alcatel bids $37/share for Xylan PARIS, March 2 (Reuters) - French telecommunications firm Alcatel said on Tuesday it had entered into a definitive deal to buy network switch maker Xylan Corp for $37 per share or about $2.0 billion. Alcatel said it would make a cash tender offer for all outstanding shares in Xylan that would start on Monday, March 8 and run for 20 business days. It said its offer had the unanimous approval of the boards of Alcatel and Xylan. (Note: this article is ''in progress''; there will likely be an update soon.)

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